Climate change and the insurance industry – what does the future hold?

As climate-related disasters become more frequent and severe, the insurance industry is facing mounting pressure to adapt. This panel will examine how climate change is reshaping risk modelling, premiums, and coverage availability, and what that means for property owners, developers, and governments in terms of costs and building codes. Industry leaders and climate experts will explore how insurers are responding with new products, partnerships, and predictive technologies, and whether current frameworks can withstand escalating climate impacts. We’ll also discuss the critical role insurance plays in driving climate resilience and influencing how and where we build. Is the industry prepared for what’s coming—and what role should it play in shaping a safer future?

Learning Outcomes

Following this presentation, you should be able to:

• Outline the ways climate change is reshaping the insurance industry
• Explain what this means – in terms of costs and building codes – for property owners, developers, and governments
• Outline the ways the insurance industry is responding to these challenges
• Outline the role insurance plays in driving climate resilience and influencing how and where we build

This presentation will deliver outcomes related to the following Competency/s from the National Standard of Competency for Architects 2021:

PERFORMANCE CRITERIA FOR PRACTICE MANAGEMENT AND PROFESSIONAL CONDUCT

PC 16 – Be able to apply risk management and mitigation strategies – including safety in design, project risk, requirement for resilience from the impacts of climate change and appropriate insurances – across architectural services

PERFORMANCE CRITERIA FOR PROJECT INITIATION AND CONCEPTUAL DESIGN

PC 24 – Be able to prepare and analyse project development options in response to a project brief – its objectives, budget, user intent and built purpose, risk and timeframes, including environmental sustainability considerations.

This session is presented by: