ESG

Insurance Insider takes a look at some of the biggest news and developments of 2023.

Lloyd’s may be wary of making disciplinary hearings more public, but it could at least make processes more transparent.

Speaking to a Treasury committee, Blanc said she was “inundated” with messages detailing “incredibly sad” stories from women in the insurance industry.

Mass construction in remote locations is throwing up challenges around modelling exposures.

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.

London Market Group CEO Caroline Wagstaff said more firms outside of the Top Three broking businesses had to engage in the process.

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.