{"id":86,"date":"2021-04-12T01:30:19","date_gmt":"2021-04-12T05:30:19","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&#038;p=86"},"modified":"2022-07-14T19:29:38","modified_gmt":"2022-07-14T23:29:38","slug":"insurance","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/insurance\/","title":{"raw":"Insurance","rendered":"Insurance"},"content":{"raw":"<span style=\"text-align: initial;font-size: 1em;font-style: normal\">We\u2019ll start our exploration of climate and the financial system with the insurance sector. The insurance industry plays a critical role in the growth of the economy. It provides stability to the economy by reducing volatility (e.g., sudden losses) associated with uncertainty and decision-making, encouraging investment and innovation when otherwise, risk aversion might prevent it.<\/span>\r\n<div class=\"no-overflow\">\r\n\r\nThe following video provides a brief overview of the insurance sector and its relationship to climate-related risk.\r\n\r\nhttps:\/\/mediaspace.royalroads.ca\/id\/0_xmfe2xz7\r\n<h6>Video attribution: \u201cClimate change and the insurance industry\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\r\nIf you\u2019d like to read more about climate change and the insurance sector, read more in <i><span lang=\"EN-US\"><a href=\"https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/publication\/impact-of-climate-change-on-the-uk-insurance-sector.pdf\" target=\"_blank\" rel=\"noopener\">The impact of climate change on the UK insurance sector<\/a><\/span><\/i> <span lang=\"EN-US\">. Scan pages 23 \u2013 56 only, and feel free to skip sections that cover topics that you already understand.<\/span>\r\n\r\n&nbsp;\r\n\r\n<\/div>","rendered":"<p><span style=\"text-align: initial;font-size: 1em;font-style: normal\">We\u2019ll start our exploration of climate and the financial system with the insurance sector. The insurance industry plays a critical role in the growth of the economy. It provides stability to the economy by reducing volatility (e.g., sudden losses) associated with uncertainty and decision-making, encouraging investment and innovation when otherwise, risk aversion might prevent it.<\/span><\/p>\n<div class=\"no-overflow\">\n<p>The following video provides a brief overview of the insurance sector and its relationship to climate-related risk.<\/p>\n<p><iframe loading=\"lazy\" id=\"kaltura_player\" title=\"Insurance\" src=\"https:\/\/api.ca.kaltura.com\/p\/143\/sp\/14300\/embedIframeJs\/uiconf_id\/23449610\/partner_id\/143?iframeembed=true&#38;playerId=kaltura_player&#38;entry_id=0_xmfe2xz7&#38;flashvars[leadWithHTML5]=true&#38;flashvars[streamerType]=auto&#38;flashvars[localizationCode]=en&#38;flashvars[sideBarContainer.plugin]=true&#38;flashvars[sideBarContainer.position]=left&#38;flashvars[sideBarContainer.clickToClose]=true&#38;flashvars[chapters.plugin]=true&#38;flashvars[chapters.layout]=vertical&#38;flashvars[chapters.thumbnailRotator]=false&#38;flashvars[streamSelector.plugin]=true&#38;flashvars[EmbedPlayer.SpinnerTarget]=videoHolder&#38;flashvars[dualScreen.plugin]=true&#38;flashvars[Kaltura.addCrossoriginToIframe]=true&#38;wid=0_qspunjab\" width=\"400\" height=\"285\" allowfullscreen=\"allowfullscreen\" sandbox=\"allow-downloads allow-forms allow-same-origin allow-scripts allow-top-navigation allow-pointer-lock allow-popups allow-modals allow-orientation-lock allow-popups-to-escape-sandbox allow-presentation allow-top-navigation-by-user-activation\" frameborder=\"0\"><\/iframe><\/p>\n<h6>Video attribution: \u201cClimate change and the insurance industry\u201d by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\n<p>If you\u2019d like to read more about climate change and the insurance sector, read more in <i><span lang=\"EN-US\"><a href=\"https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/publication\/impact-of-climate-change-on-the-uk-insurance-sector.pdf\" target=\"_blank\" rel=\"noopener\">The impact of climate change on the UK insurance sector<\/a><\/span><\/i> <span lang=\"EN-US\">. Scan pages 23 \u2013 56 only, and feel free to skip sections that cover topics that you already understand.<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"author":120,"menu_order":3,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-86","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":78,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/86","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":6,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/86\/revisions"}],"predecessor-version":[{"id":309,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/86\/revisions\/309"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/78"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/86\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=86"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=86"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}