TOKYO -- Tokio Marine and Nichido Fire Insurance will launch as early as fiscal 2022 a service that calculates the financial risks companies could face from environmental regulations abroad, helping businesses better plan their strategies amid a growing global push to fight climate change.
While there already are services that predict losses from floods and other natural disasters triggered by climate change, one that accounts for government regulation is rare. The Japanese insurer will partner with Risilience, a British risk assessment firm specializing in climate change, on the endeavor.
