Pakistan, Feb. 19 -- Insurance companies are financial intermediaries that play a pivotal role in a country's economic progress. Over time, this sector has undergone significant transformations in its business model in response to various changes in environmental forces. Climate Change is one of the greatest and harshest realities of our time and consequently, it has created significant impacts on the business ideology of the insurance industry as well. Climate change poses a significant challenge for the insurance sector. It introduces physical risks stemming from the direct effects of climate change, as well as transition risks that emerge from societal efforts to address this global issue. The insurance industry plays a vital role in s...