Climate Change

Explainer: How catastrophe bonds help manage the risk of climate change

Catastrophe bonds are a new way to protect insurers from the growing risk of climate change. Image: UNSPLASH/Malachi Brooks

Patrick Henry

Senior Writer, Formative Content

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a chart showing the catastrophe bond market issued vs.  outstanding notional, 10.5 year  compound annual growth rate (CAGR)
The catastrophe-bond market is growing at a compound annual rate of nearly 10%. Image: Swiss Re
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a chart showin that catastrophe-bond issuance surged to a record $8.5 billion in the first half of 2021.
Catastrophe-bond issuance surged to a record $8.5 billion in the first half of 2021. Image: Swiss Re

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