COP28: Key messages and implications for insurers
By Maryam Golnaraghi
Director Climate Change and Environment
By Maryam Golnaraghi
Director Climate Change and Environment
WASHINGTON – The American Property Casualty Insurance Association (APCIA) and The Geneva Association yesterday hosted a virtual policy event, entitled “Changing Climate: Mitigation and Insurers’ Role in the Energy Transition” to emphasize the active role insurers play through investment strategies and product development to support responsible transition pathways.
The word of the week at the World Economic Forum in Davos was polycrisis. Speakers explored the interconnected nature of risk, from inflation to ageing populations, and the role insurers play in building resilience.
Here’s what we heard from António Guterres, United Nations Secretary General; Gita Gopinath, First Deputy Managing Director, International Monetary Fund; Roy Gori, CEO & President, Manulife & Lard Friese, CEO & Chairman of the Executive Board, Aegon.
The impact of climate change is becoming increasingly evident. In the last year alone, we have witnessed devastating floods in Pakistan, wildfires in Australia, Europe and North America, and droughts across the world.
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.