ClimateWise, a coalition of big insurers that includes Zurich, Allianz,Lloyd's, Swiss Re and Prudential, is studying the way insurers can prevent property and infrastructure investment decisions from being made without regard for climate-change risk.
A study—supported by the group and its host institution, the University of Cambridge Institute for Sustainability Leadership, asked, "What would it mean if the catastrophic property damage and insurance losses of 2005 and 2011 were to become the 'new normal'?" The World Meteorological Organization recently has raised similar concerns.