This episode of TED Talks Daily features Amy Barnes, a climate risk advisor, discussing the critical role of the insurance industry in signaling and managing climate change risks. She explains how insurance premiums reflect risk levels and warns that increasing extreme weather events are making insurance unaffordable in many regions, potentially leading to financial instability and devaluation of assets. Barnes advocates for proactive investments in resilience and adaptation measures, highlighting the need for both new resilient construction and retrofitting existing infrastructure to mitigate climate-related risks and ensure the continued availability of insurance. She also touches on parametric insurance and its positive impact on vulnerable communities, emphasizing that insurance should be viewed as a tool for incentivizing societal action and securing a sustainable future.
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