Climate Hub
The Sustainable Insurer’s Climate Hub examines steps insurers can take to help address climate mitigation and adaptation challenges and identifies four key areas in which the industry can make a positive contribution to the challenges facing the world.
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Reducing Emissions
- Industry must make quantitative progress in reducing carbon emissions
- Methodologies and frameworks will need to be in place to measure this progress
- Carriers must ensure clients have robust low-carbon transition plans before allocating capacity
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Enabling Transition
- Brokers and carriers can work with clients to help firms manage their journey to net zero
- “Stick and carrot” approach can help change behaviour as economy transitions away from carbon
- Industry can develop products which enable the development of new technologies for low-carbon future
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Building Resilience
- Solutions to close information gap can help industry develop risk transfer tools that help build societal resilience
- Innovative parametric tools can play important role in reducing economic hardship following climate-enabled events
- By “building back better” the industry can help create a more resilient society
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Educating Society
- Industry can help communities understand, prepare for and reduce climate-related risks
- Initiatives can help educate client base and guide them through their own path to net zero
- These measures will in turn help reshape perceptions of the industry and potentially attract new talent
Reducing Emissions
LMA and IUA publish sustainability data standard for underwriters
Insurers to disclose nature-related exposure as portion of GDP or total sums insured
Aon sets focus on reservoir integrity in latest carbon insurance market innovation
CFC adds carbon cancellation insurance to growing carbon credit offering
Gallagher Specialty launches Bosley-led carbon insurance solutions service
Almost two-thirds of brokers have no net-zero plan as costs and resources pose barriers: Aviva
PPMI members adopt IMO target for net-zero shipping by 2050
Carbon insurance: Distinct product categories emerge as market expands
Activists target brokers at flagship Biba conference
Aon launches carbon capture and storage insurance solution
Oka extends Carbon credit offering to Australia with Clima partnership
Insurance-backed credits: an innovative step in the evolution of the carbon markets
Enabling Transition
Building Resilience
Howden calls for sovereign mechanisms and accessibility in small island states
ASR eyes further expansion to close specialty capacity gap across Africa
IDF adds Axa and Generali to infrastructure resilience development blueprint
WTW’s Simmons: extending the value of (re)insurance to reduce vulnerability
Australian govt pushes insurer partnerships and risk assessments in new roadmap
Howden renews joint fellowship programme with SMI on urban resilience
IDF chair Michel Liès renews calls for country risk officers
Zep-Re extends data partnership for drought insurance program in Horn of Africa
Axa partners with UPU to develop postal insurance opportunity
IDF welcomes Axa, Scor and MMC to disaster risk reduction taskforce
IDF aims to mobilise insurance investments in resilient infrastructure projects
Swapping debt for nature can help drive an equitable transition to net zero