Bloomberg Intelligence in September 2026 estimated that Europe will spend about EUR 500 billion on climate resilience through 2035. The figure covers reconstruction after extreme weather and investment intended to reduce future damage. It also reflects a change in the economic character of climate losses. Repairs once treated as exceptional are becoming part of a sustained cycle of public and private expenditure. Adaptation is becoming a recurring capital programme

In September 2026, Howden Re announced a new International Alternative Solutions practice led by Alexander Roth to develop risk and capital structures for clients across Europe, Asia and other international markets. The practice combines structured reinsurance, climate science, data analytics, product design, portfolio structuring, pricing, capital-markets access and placement. Peter Steiner and Kanika Anand have moved from Howden’s Climate Risk and Resilience practice to establish a dedicated parametric capability

In August 2024, AXA Hong Kong and Macau announced heatwave parametric insurance aimed at outdoor workers. The launch described a premium of HKD19.9 per person and a HKD100 payment or an equivalent anti-heatwave kit when the specified temperature trigger was met. It provides a concrete example of climate insurance being connected to a workforce need. Understand the trigger before the benefit The announcement tied the trigger to an arithmetic-average