Date(s) - 26/11/2021
12:00 pm - 1:00 pm
Natural ecosystems have declined by 47% on average and 25% of species are threatened with extinction or are declining, according to the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). Biodiversity and ecosystem services (BES) underpin all socio-economic activities. Deterioration poses threats not only to the agriculture and food industry, but also to other sectors and the entire economy, due to the dependency on BES. Re/insurance relies on functioning economies with assets and activities that are financially protectable. Following up on work by the OECD and others, we classify the risks of BES decline and elaborate the consequences for re/insurance.
We present an assessment of the state of 10 ecosystem services on a 1 square km globally (terrestrial), based on published scientific findings. The assessment serves as a starting point to inform insurance; it may also support prioritising areas for conservation and restoration.
Bookings are closed for this event.