PFAS – Pervasive and Insurance Averse

Sanctuary Asia

My column: Climate Futures and Beyond

December – January, 2024

By a lucky twist of fate (read markets), the insurance industry has a personal stake in mitigating and adapting to climate change, and inadvertently protecting the environment. The overlapping crises of a warming climate, biodiversity loss, and pollution present grave dangers to life, livelihood and industry. Owing to its expertise over multiple decades in dealing with risks, the industry is well placed to analyse the threats posed by the polycrisis, and suggest ways to manage and mitigate its fallout. The first item on this new column by Praveen Gupta is PFAS, a toxic bioaccumulating substance that has invaded the biosphere, and the insurance industry’s risk portfolio.

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