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13 MINS READ

Anupam Singhal

Head - US East, Banking, Financial Services, and Insurance, TCS

Penu Putta

Head - Digital Insurance Solutions, Banking, Financial Services, and Insurance, TCS

Highlights

  • Climate change is manifesting itself in the form of changing weather patterns and increasing frequency of natural catastrophes, leading to losses for property and casualty (P&C) insurers.
  • It is incumbent upon P&C insurers to move to sustainable business models in order to grow and stay competitive. 
  • To achieve this, insurers must offer climate-specific products and services and move away from carbon-intensive investment strategies.