Insurers Push Climate‑Resilience Incentives as Data Gaps Hinder Pricing

Aon Asia‑Pacific chief executive Jennifer Richards called for insurers to reward companies that invest in climate‑resilience measures rather than merely penalise risky assets. She highlighted that extreme weather caused $260 billion in global economic losses in 2025, with $133 billion uninsured, and noted protection gaps of 90 % in Asia, 70 % in the United States and about 50 % in Europe and other regions.

Industry leaders also warned that fundamental data shortages impede the pricing of climate and cyber risks. Lloyd’s Americas CEO Dawn Miller stressed that siloed data and proprietary models prevent reliable risk modelling, and suggested that AI can help aggregate disparate data sources to create richer risk databases. Collaboration across insurers, regulators and data providers is presented as essential to close the data gap and expand coverage for emerging exposures.