Global reinsurer Zurich Re has announced a partnership with the Madrid City Council to provide advisory services on climate-related risks. The partnership comes at a crucial time, as climate change has become one of the most pressing challenges facing cities and communities worldwide. With the frequency and severity of extreme weather events increasing, building resilience against the impacts of climate change has become increasingly important.

Zurich Resilience Solutions, the advisory unit of Zurich Re, will be working in this partnership to analyze how climate change-related natural risks may impact the city. The collaboration aims to define measures to enhance the city’s climate resilience, focusing on risks associated with the progressive increase in temperatures and extreme heat events.

As part of the partnership, Zurich Re will leverage its global insights, technical capabilities, and analytics to help identify and address climate-related risks and vulnerabilities in Madrid. The collaboration underscores the company’s commitment to supporting cities and communities worldwide in their efforts to build resilience against the impacts of climate change.

The partnership has been met with enthusiasm from environmentalists, policymakers, and industry leaders alike. The collaboration between Zurich Re and the Madrid City Council is seen as a significant step forward in addressing the challenges posed by climate change and building a more sustainable future for all.

Zurich Re’s expertise in managing and mitigating risks associated with climate change has positioned the company as a global leader in this area. By sharing its expertise with the Madrid City Council, Zurich Re hopes to encourage other cities and municipalities worldwide to take similar action to build resilience against the impacts of climate change.

Overall, the partnership between Zurich Re and the Madrid City Council is a positive development in the fight against climate change. It is a crucial step forward in building a more sustainable future for all, and its impact will be felt beyond Madrid as other cities and communities worldwide take inspiration from this collaboration.

Link to the news source