Lloyd's of London has issued a six-point plan for companies to prepare for a cataclysmic event that could test the insurance industry's resilience. Doing so will ensure that Lloyd's is even better prepared for once-in-a-generation market turning events," he said. The plan, which was released on Monday, is designed to help businesses and governments better understand how they will be affected by climate change. Jon Hancock, Lloyd's director of performance management, said the companies must "make sure the Lloyd's market is in a position to act swiftly and decisively to any future market-turning events".
Lloyd's of London has issued a six-point plan for companies to prepare for a cataclysmic event that could test the insurance industry's resilience. The plan, which was released on Monday, is designed to help businesses and governments better understand how they will be affected by climate change. Jon Hancock, Lloyd's director of performance management, said the companies must "make sure the Lloyd's market is in a position to act swiftly and decisively to any future market-turning events".