Climate Change Expands List of Uninsurable Assets, Allianz Executive Says

Climate change is increasing the number of assets considered too risky for conventional insurance, according to statements from Allianz. The company noted that repeated extreme weather events have raised loss ratios in certain regions and asset classes. Officials said this pattern is prompting insurers to reassess coverage availability.

Allianz representatives stated that some properties and infrastructure projects now face higher premiums or outright exclusions. The company indicated that risk modeling is being updated to reflect changing loss patterns. A spokesperson added that collaboration with governments and other insurers is under discussion to address coverage gaps.

No specific timeline for new products was provided. The statements come as insurers across multiple markets report growing exposure to weather-driven claims.