ESG
-
The renewables insurer flagged a “staggering increase” in hail events, which was driving double-digit rate increases. -
The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
-
The voluntary carbon market reached $2bn in 2021, and is expected to grow to $10bn-$40bn by 2030, according to a report by Shell and the Boston Consulting Group published in January.
-
The survey was conducted by the Nick Kilhams Foundation, founded in memory of the late Chaucer underwriter.
-
The roadmap sets out planned oversight processes and regulatory expectations on climate-related risk management, capital and reserving as well as transition planning.
-
The product will protect offtake agreements from the risk of under-delivery of projected carbon credits.
-
Panellists at Insurance Insider’s London Market Conference discussed the need for nuance when interpreting emissions data.
-
In addition to the need for new products when insuring the transition, panelists highlighted the need to innovate and adapt.
-
Inflation, supply chain issues and technological failures are complicating the underwriting landscape.
-
The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
-
The CMA said it would not take enforcement action on agreements that “genuinely contribute” to addressing climate change.
-
The report also highlighted general liability policies as an area of potential exposure to insurers.
Most Recent
-
Aon’s Mackay departs Lloyd’s advisory role
06 December 2023 -
Gallagher and Howden among first brokers to adopt MRC v3
06 December 2023