Bank of England warns climate risks could widen UK insurance gaps
Oct 28th, 2026 • 5 min • View Source
The Bank of England, the UK’s central bank, has warned that climate change could widen the UK’s insurance protection gap, leaving more households exposed to the financial costs of flooding as extreme weather events become more damaging. In a speech delivered by James Talbot, the Bank’s Executive Director for International, at a sustainable finance conference […] The post Bank of England warns climate risks could widen UK insurance gaps appeared first on ReinsuranceNe.ws.
Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.
Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.
