ESG
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Last week, UNEP launched a multistakeholder forum building on the experience gained from the NZIA.
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The forum will be an ‘even safer space’ for efforts on climate change action than the NZIA.
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The Lloyd's CUO warned against "calling victory too early".
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The US regulator faces litigation from both sides of the climate issue.
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It plans to deliver other products for parts of the carbon value chain.
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The companies account for ~70% of GHG emissions in its portfolio.
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The target was initially set in 2020, with a deadline of December 2023.
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The findings have implications for businesses and D&O.
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The funding will allow the firm to release Yurty, a digital care app.
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Managing risks associated with the technology is essential.
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ECLiC discussed how climate litigation can impact the Lloyd’s market.
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Changing work practices do not overshadow basic precepts of good employment.
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The report examines challenges and opportunities for insurers.
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CarbonPool insures against unexpected carbon-credit shortfalls and reversal events.
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The facility provides cover for environmental damage and loss of revenue.
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A new Geneva Association report says the early involvement of (re)insurers is key to supporting the growth of emerging technologies.
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Speaking to a Treasury committee, Rathi explained that the FCA is not proposing to enforce social policy, but to provide data for firms to evaluate themselves.
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Nearly 80% of transportation companies surveyed cited a lack of access to insurance solutions and a lack of data to understand supply-chain risks.
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In the second part of our themes for 2024 outlook, we explore how fear of missing out in cat reinsurance is still contrasting with an upstreaming of risk that is creating fallout for primary insurers, while momentum in facilitisation and ESG continues.
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In the first section of our two-part outlook for 2024, we explore why macro-economic concerns are taking a step back, though casualty pricing micro-cycles highlight ongoing caution.
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Insurance Insider takes a look at some of the biggest news and developments of 2023.
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Speaking to a Treasury committee, Blanc said she was “inundated” with messages detailing “incredibly sad” stories from women in the insurance industry.
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Mass construction in remote locations is throwing up challenges around modelling exposures.
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The renewables insurer flagged a “staggering increase” in hail events, which was driving double-digit rate increases.
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The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
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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.
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The survey was conducted by the Nick Kilhams Foundation, founded in memory of the late Chaucer underwriter.
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The roadmap sets out planned oversight processes and regulatory expectations on climate-related risk management, capital and reserving as well as transition planning.
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The product will protect offtake agreements from the risk of under-delivery of projected carbon credits.
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Panellists at Insurance Insider’s London Market Conference discussed the need for nuance when interpreting emissions data.
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In addition to the need for new products when insuring the transition, panelists highlighted the need to innovate and adapt.
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Inflation, supply chain issues and technological failures are complicating the underwriting landscape.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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The CMA said it would not take enforcement action on agreements that “genuinely contribute” to addressing climate change.
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The report also highlighted general liability policies as an area of potential exposure to insurers.
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At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
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Panellists at the Dive In Festival explored the link between innovation and inclusion and why it's important to them as leaders in their respective fields.
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Inflation, supply chain bottle necks and issues with emerging technology are all challenges for the sector.
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The Corporation will collaborate with Moody’s Analytics to develop a solution to quantify greenhouse gas emissions across managing agents’ underwriting and investment portfolios.
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Our virtual roundtable polled industry leaders on critical questions for the reinsurance market. Today, we explore how the industry can collaborate on net-zero objectives after insurers exited the Net-Zero Insurance Alliance (NZIA) in droves.
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Insurance Insider explores how insurers can manage the dual, polar-opposite pressures of a litigious anti-ESG movement and net-zero climate activism.
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The carrier exited the Net Zero Insurance Alliance in May among other insurers.
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Renew Risk will be hiring cat modellers and climate scientists, as it expands its proposition to help insurers understand the risks of insuring renewable energy infrastructure.
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Plus the latest people moves and all the top news of the week.
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WTW has highlighted that global climate change-related litigation cases have doubled to more than 2,000 since 2015.
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The carrier will provide cover to a wind farm and a solar farm as part of the Aon-brokered deal.
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The carrier will aim to reduce its emissions by up to 49% by 2030.
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