The Insurance Council of Australia (ICA) today launched a new report outlining the important role insurers can play in managing and reducing risk in the natural environment. The report, , was undertaken by EY for the ICA, and details emerging insurance products and solutions that help protect Australia's landscape from climate impacts. Extreme weather events and biodiversity loss have been identified by the World Economic Forum as two of the top four global risks over the next decade. The report identifies that failure to manage these risks comes with considerable costs to local and global economies, with more than half of the world's economic output - US$44 trillion - highly or moderately dependent on nature.

https://www.miragenews.com/ica-joins-assistant-treasurer-on-insurance-1085996/

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