While insurance coverage has broadly kept pace with rising catastrophe exposure, the protection gap — in absolute terms — has gone up as the value of exposed assets has grown, the Swiss Re Institute said on Wednesday.

Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too.

The damage caused by climate change over this past year was at times so immense it was hard to comprehend.

The African continent is warming quickly, and climate change is expected to disproportionally affect every aspect of life there, from human health to food security and economic growth, according to the World Meteorological Organization’s first-ever State of the Climate in Africa report.

European governments have agreed to pour money into everything from electric cars to renewable energy and agriculture.