Renewable technologies are expanding at an ever faster rate and have become competitive with conventional energy resources in many parts of the world.  At the same time, climate impacts become more visible and are particularly affecting developing countries that lack adequate financial buffer to cope with the consequences. 

Climate change, natural catastrophes and a rising need for food security have spurred the recent growth in agricultural insurance around the globe. In 2009, Allianz Re established an agricultural reinsurance team in Switzerland, whose experts provide reinsurance to clients across the globe.