COP27: Key messages and implications for insurers
By Maryam Golnaraghi
Director Climate Change and Environment
By Maryam Golnaraghi
Director Climate Change and Environment
Human activity is degrading biodiversity and nature at an alarming rate. Re/insurers have a unique opportunity to reduce exposure to nature-related risks and promote more sustainable, nature-positive economies. Find out more in our latest report Nature and the Insurance Industry: Taking action towards a nature-positive economy.
Large-scale nature degradation and biodiversity loss are some of the most threatening risks facing the world, carrying grave consequences for societies and economies.
This report provides the latest scientific evidence on the impacts of human activity on nature and their socio-economic implications, laying out the challenges and opportunities facing re/insurers and how they, as risk managers and investors, can support the development of a nature-positive economy and incentivise sustainable business models.
'Climate solutions' are top of mind for Geneva Association members – the CEOs of the biggest insurance companies in the world. Get a unique glimpse at what they say, off- and on-the-record, in this short video featuring Joachim Wenning, Munich Re; Christian Mumenthaler, Swiss Re; Amanda Blanc, Aviva; Tsuyoshi Nagano, Tokio Marine; and Charles Brindamour, Intact Financial Corporation.
By increasing resilience to financial shocks and helping people and businesses manage risk, insurance already has a huge, positive social impact. Find out how these benefits can be extended in our social sustainability report.
Amid growing stakeholder expectations for businesses to have more social impact, a new Geneva Association report, The Role of Insurance in Promoting Social Sustainability, highlights insurance’s abundant, inherent social benefit in providing financial stability and peace of mind to people and businesses.
Insurers are using data to offer more bespoke products to their customers. But they must ensure they’re using the data they collect responsibly to retain customer trust.
Our issue brief on the responsible use of data sets out a five-pronged approach.