The Ocean Risk Summit will focus on how governments and the business sector should respond to the risks of existing and projected changes in the ocean which until recently have been poorly understood. The summit is being sponsored by insurance and reinsurance group XL Catlin along with other scientific and Bermuda based partners. These include the International Union for Conservation of Nature, Ocean Unite, Bermuda Institute of Ocean Sciences, Bermuda Business Development Agency and the Bermuda Tourism Authority.
The planned summit comes in the midst of rising concern from global governments and businesses about the threats related to changes in the oceans. Last month saw the first-ever United Nations Ocean Conference in New York to discuss the implementation of an ocean-specific sustainable development goal. The upcoming COP23 climate change negotiations are expected to focus more than ever on ocean issues.