Closing the gap: Insurers and climate risk

Climate related risks are continuing to reshape the insurance landscape, with regulators focusing on protection gaps and practices approach to future risk modelling. In this podcast, Emma Martin and Niall Guinan discuss the Central Bank of Ireland’s (CBI) priorities with the growing challenge of climate-related underinsurance, and the implications for insurers and reinsurers operating in Ireland.

 Key topics include:

• the CBI’s focus on climate protection gaps and flood insurance coverage in Ireland
• the impact of a tightening reinsurance market on climate and natural catastrophe risks
• the CBI’s review of insurers and reinsurers climate risk strategies and underwriting approaches
• growing regulatory and governmental scrutiny of climate related insurance challenges
• EIOPA's call for more forward looking risk assessment
• emerging solutions, including public and private initiatives and innovative insurance products

View transcript

For further information please contact Emma Martin, Niall Guinan, or your usual ALG contact.

Date published: 20 October 2026