Response to Climate Change
Ongoing climate change has been causing natural disasters to grow in frequency and magnitude around the world. As a result, humanity is now exposed to a rising risk of encountering disaster of an unprecedented scale. In addition to the potential occurrence of such a major disaster, even a moderate pace of climate change would undermine the stability of corporate business activities and the daily lives of citizens, thus bringing about physical and financial losses. Climate change-induced natural disasters are huge risk facing nations across the globe. As an insurance company, there is a serious concern about a potential scenario in which growing benefit/claim payments erode the global insurance system, which has close relation with these risk.
Although unable to readily halt climate change, insurance companies must take related measures in preparation for mounting risk. The MS&AD Insurance Group will continue to deliver security and safety to local communities by providing sufficient levels of protection by the use of reinsurance and other various means for losses from a major disaster. Moreover, we will continue to further adapt to climate change by providing appropriate services designed to prevent or reduce damage and losses of customers which is caused by climate change-induced weather disaster. At the same time, through its insurance and consulting services, the MS&AD Insurance Group will support new businesses serving to mitigate climate change.