As the earth warms due to human activity, extreme weather events will become increasingly frequent and severe across the world. The deployment of new technologies and new ways of thinking across the planet will be required to tackle climate change.
Insurers have a critical role to play in facilitating this transition. They have the capital to invest in new technologies as well as the expertise to assess, price and cover the risks associated with them. Collaboration with all stakeholders involved will be essential to both reduce and absorb these risks. Consistent public policy and international regulation across different layers of government will be key to making this transition a just one.
The Geneva Association’s 2022 Climate Change & Environment Conference, held virtually on 3 November and co-sponsored by Aviva, explored how insurers can help manage the risks associated with the transition to a low-carbon economy and how to maintain the insurability of physical climate risks.
You may also watch recordings of all sessions or download further materials at the event page.