Artur Runge, the person responsible for climate issues at the European Commission, believes that acting now to counter global warming would be cheaper than to bear its long-term consequences. A cut-price insurance policy. Gerhard Berz couldn’t agree more. He’s a weather forecaster with the largest reinsurance agency in the world. The sector has been in the red for more than 10 years and according to Jean-Pascal van Yperseel, a climate expert, it doesn’t seem that things will let up any time soon.