March 27, 2019
27 March, 2019
Kindly Hosted by Westpac
Early 2019 has seen floods, extreme heat and bushfires across Australia. Sydney is not immune. Many organisations across Sydney are undergoing an examination of how they ensure our city, our infrastructure and our community is resilient to these threats, at a time when uncertainty about each organisation’s exposure to risk is high.
To help deepen our understanding the physical and financial risks of extreme weather and climate change, Resilient Sydney and the Committee for Sydney were proud to welcome Ernst Rauch, Chief Climate and Geo Scientist for Munich RE, to give a speech to our members. Rauch draws on four decades of Munich Re’s natural catastrophes loss data, trend analyses and impacts of climate change on the insurance industry. He also covered adaptation measures and renewable energy solutions to support new low carbon technologies.
Ernst Rauch is Munich Re’s Chief Climate and Geo Scientist with a professional background in geophysics and meteorology. He is responsible for the strategic positioning of Munich Re with respect to climate and natural catastrophes related topics, where his external stakeholders range from insurance clients to scientific organizations and think-tanks to investors, political representatives and the media and broader public. His expertise in the climate domain includes risk management solutions for climate and natural catastrophes risk and energy transition related technologies.
Ernst represents Munich Re in several UN-COP side-events, to raise awareness for the importance of insurance solutions in the natural catastrophe and climate change context and to reduce the so-called insurance gap. Ernst represents Munich Re in a number of insurance think-tanks and Public-Private-Partnership organizations like the Geneva Association and the Insurance Development Forum (IDF). He is leading Munich Re’s partnership with the German National Academy of Science and Engineering.
The Committee would like to thank Westpac for generously hosting this event.