2021 was another year with high natural catastrophe ("NatCat") activity with major insured loss estimate from NatCat. The effects of global warming on rising sea levels and extreme weather patterns have been consistently expounded on by many independent global bodies, scientists and NGOs and their warnings cannot be ignored.
Reinsurance, which is Singapore Reinsurance Corporation Limited ('Singre')'s core focus, by its nature is the business of providing protection against damages due to both natural and man-made events. Therefore, both as a company and individuals, we are concerned about changing climatic patterns and its repercussions on mankind and the core business.