Standard & Poor's warns of escalating climate risks: Reinsurance giants are scrambling to hedge their risks, while primary insurance companies face steep pressure.

According to the Securities Times APP, as natural disasters become more frequent and destructive, obtaining a key protection measure aimed at helping to offset losses is becoming increasingly difficult. Simon Ashworth, chief analyst of Standard & Poor's Insurance Ratings Division, stated that in the past five years, the top 19 global reinsurance companies have significantly reduced their underwriting exposure to catastrophic losses by more than half, and in the future, the burden of losses they may bear could be lower than before.