Climate change presents a significant and evolving challenge to the insurance industry, with the potential to reshape the landscape of risk management. This project seeks to investigate the impact of climate change on insurance risk management, focusing on the challenges faced by insurers in assessing, pricing, and mitigating climate-related risks. By exploring the implications of environmental shifts on insurance operations, this research aims to provide valuable insights into the adaptation strategies and regulatory responses needed to address the changing risk landscape.

The introduction of climate change has raised important questions about the long-term sustainability of traditional insurance risk management practices. This study will delve into the evolving risks posed by climate change, shedding light on the financial, operational, and regulatory implications for insurers. By doing so, the research aims to offer recommendations for insurers and policymakers to proactively address the challenges of climate-related risks, ensuring the resilience and adaptability of the insurance industry in the face of environmental shifts.