Latin America is bracing for a unique climatic phenomenon that could significantly impact its insurance sector. Experts from the Swiss Re Institute have highlighted the necessity of both adaptation and mitigation to increase resilience against severe weather events prompted by the El Niño-Southern Oscillation (ENSO) cycle. This cycle, predicted to shift rapidly between its phases, presents a substantial challenge to the region’s ability to protect itself from the resulting disruptions. The Phenomenon of ENSO El Niño and La Niña Explained The El Niño-Southern Oscillation (ENSO) is a climate pattern that…
Read MoreLatin America’s Insurance Industry Braces for Rare ENSO Climate Impact
