Climate change
Climate change to outpace planned flood safeguards
Changes in climate are likely to outpace efforts to safeguard UK infrastructure against further flooding, a new report from the Committee on Climate Change has claimed.
Rapid rise of urban populations driving climate change risk, says World Bank
Assets worth $158 trillion (£109 trillion) could be at risk from river and coastal flooding by 2050 unless more is spent on disaster mitigation according to the World Bank.
Blog: Taking action against climate change
Insurers have an important role to play in taking on climate change, both in terms of providing protection and as investors
United Nations secretary-general asks for industry's help on climate change
United Nations secretary-general Ban Ki-moon has urged the insurance industry to work with the organisation in a meeting at the UN's headquarters in New York this week.
UN chief urges insurers to ‘green’ investments to manage climate risk
United Nations secretary-general Ban Ki-Moon has urged the insurance industry to "green" its investment portfolios and double its investment in clean energy to help manage the impact of climate change.
Zurich's Spencer links climate risks with economic growth in Asia-Pacific
Stuart Spencer, general insurance Asia-Pacific CEO at Zurich, warns the Asia-Pacific region could face a "perfect storm" if it fails to understand the full impacts of climate change.
Suncorp's CEO cites climate change as half year insurance profits fall 29%
Michael Cameron, CEO of Queensland based financial services group Suncorp, said a record run of natural disasters were hampering the company's performance.
Climate Change: The future is in our hands
The Paris climate change summit is over – and now the work begins. What response will the insurance sector provide?
CII urges insurer proactivity in climate report
The insurance sector must be more proactive and collaborate with external stakeholders in working to combat the effects of climate change, a Chartered Insurance Institute report has urged.
C-Suite - Insurer: A climate of hope
Following the floods, the COP21 agreement offers a glimmer of optimism over climate change
Gravity of cyber risk stressed as climate change tops risk list
Failure to act on climate change was named the top global risk by the World Economic Forum today (14 January), as a Marsh leader claimed cyber risk is widely underestimated outside the US.
Beale challenges Carney on SII investment weightings
Lloyd's CEO Inga Beale has hinted the Bank of England should consider different capital weightings under the Solvency II regime depending on what a company's investment policy is.
Insurers welcome COP21 climate change target of 1.5 degrees
The Association of British Insurers has welcomed the climate change deal agreed in Paris saying insurers have a 'critical' role to play in this.
Climate change framework sees increased support from insurers
Insurance leaders are mobilising to support a new framework to improve climate resilience, launched at this month’s United Nations Conference on Climate Change, or COP21, in Paris, with companies including XL Catlin already backing the plans with action…
Video: industry bosses issue rallying cry on climate change
High-profile insurance industry CEOs and executives are calling for world leaders to reach a strong global agreement to tackle climate change ahead of the UN Paris Climate Change Conference COP21 next week.
Lloyd's syndicates unite for $400m natural catastrophe pool
Eight Lloyd's syndicates are uniting to help protect emerging economies in Africa, Asia and Latin America from natural catastrophes.
Climate change core to Allianz business model
Allianz will make climate change a core part of its entire business portfolio, with investments to be analysed using 37 criteria including greenhouse gas emissions and energy efficiency.
Industry body reaffirms commitment to help combat climate change
Leaders in the re/insurance sector are today (19 November) confirming their commitment to climate change ahead of the United Nations conference in Paris later this month.
Insurance Europe launch climate change awareness campaign
Insurance Europe has launched a new campaign to raise awareness about the need to take steps to limit global warming.
Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Climate Wise CEOs call for more action to slow climate change
The leaders of 15 Climate Wise members have written to the governor of the Bank of England Mark Carney and the Prudential Regulation Authority for more collective action to reduce the risk of climate change impacting society and, ultimately, the…
Carney warns of climate change threat to insurers
Speaking at the annual Lloyd's of London dinner last night, Mark Carney, the governor of the Bank of England warned about the troubling financial implications of a changing climate for insurers.
Government to 'encourage' insurers to join nuclear market
The government plans to encourage more insurers to enter the nuclear insurance market, to ensure there is sufficient capacity for planned nuclear power stations in the UK, the parliamentary under-secretary for climate change said this week.
Europe: Energy supply disruption presents a key global risk
Today's global economic integration offers multinational businesses cheaper sources of supply and attractive new markets, yet at the same time it exposes companies' operations and supply chains to a widening range of global risks.