Climate Change is considered the number one risk to the world’s economy. Global property insurance premiums are predicted to rise by a fifth by 2040 due to the growing frequency and severity of extreme weather – according to Swiss Re, the reinsurance group.

For insurers, the risk is two-pronged – they face increased pay-outs to policy-holders as a result of more frequent floods, wildfires and droughts, while the huge investment portfolios they use to pay out on claims are also at risk from the impacts of climate change on all sectors of the economy.

Covid-19 has been devasting for the UN’s 2030 Sustainable Development Goals to end poverty, protect the planet, and ensure all people enjoy peace and prosperity. The pandemic and resulting global recession has pushed millions in developing countries, into extreme poverty, facing worsening health, education, gender and equality issues.