Daily Digest: Taking social good further, Aon ready for transactions uptick, Mapfre puts Turkey quake at €77m

Catch up on the essential news and analysis from the Insurance Day experts

Taking social good further through public-private partnerships There is an opportunity to use insurance not only as financial compensation after an extreme weather event but also as a mechanism for supporting climate risk reduction and even damage prevention. Cop27 closed with a historic agreement to provide “loss and damage” funding for vulnerable countries hit hard by floods, droughts and other climate disasters. A transitional committee is working on recommendations for the new funding arrangements, with adoption of the fund itself planned for Cop28. The UN’s secretary-general, António Guterres, also announced a $3.1bn plan to ensure that by 2027, everyone on Earth should be protected by early warning systems against increasingly extreme weather and climate change.