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Impact of Climate Risk on Insurance Industry in Singapore

In: Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)

Author

Listed:
  • Yiwen Yan

    (Singapore Institution of Management, Business Management)

Abstract

Singapore has firmly established itself as a preeminent hub for specialty insurance and reinsurance in Asia. Current strategic initiatives aim to metamorphose Singapore’s reinsurance sector from a conventional, mainstream paradigm into a sophisticated and comprehensive global capital for Asian risk transfer. This report aim at luxuriating how climate change influence the Singapore Insurance Company, Through practice and after the deliberate, this report adopt the methodology of literature review that reference the report and data from the official website from MAS and Singapore climate bureau to make precise analysis of the climate change influence insurance company, This research according to these separate parts, introduce climate change, emphasize the relationship between climate change and insurance company, the strategy of alleviate the loss of insurance company, suggestion and conclusion, report also describe the prospective of the insurance company to be precaution the climate change.This research proffers invaluable insights into the realm of insurance, potentially enriching future scholarship and practice.

Suggested Citation

  • Yiwen Yan, 2026. "Impact of Climate Risk on Insurance Industry in Singapore," Advances in Economics, Business and Management Research, in: Ata Jahangir Moshayedi (ed.), Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025), pages 944-951, Springer.
    • Handle: RePEc:spr:advbcp:978-2-38476-585-0_106
    DOI: 10.2991/978-2-38476-585-0_106
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