Bite: How insurers are mapping climate risk
About this episode
Paul Johnston discusses how insurers are adapting to increasing climate risks in New Zealand.
Are New Zealand homes becoming riskier to insure as extreme weather becomes more frequent? In this clip Tower CEO Paul Johnston explains what the insurer is seeing in its own storm data, and why the cost of weather events has been trending higher. He unpacks how Tower is responding with increasingly granular risk-based pricing and why two homes just one street apart can have very different risk profiles. This clip is a bonus from our previous episode 'How Tower is pricing a riskier New Zealand' For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for…
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