Developing and scaling up the integration of the next generation of risk models requires cross-sectoral collaboration, and the insurance industry plays a critical role as risk managers and investors. This was a key takeaway of The Geneva Association's 2019 Climate Change Forum held 11–12 July in London, sponsored by Tokio Marine Holdings.
Public-private partnerships are necessary to fund the USD 6.3 trillion required annually until 2030 to close the global infrastructure gap, says Mami Mizutori, Special Representative of the UN Secretary-General for Disaster Risk Reduction.
Investors and government should look at the full life cycle of infrastructure projects. Low-carbon infrastructure is not more expensive to build and maintain, says Joachim Levy, Managing Director and CFO of the World Bank Group.
The biggest hurdle the industry faces for measuring climate risk is agreeing on the underlying scientific assumptions, says Ernst Rauch, Global Head Climate & Public Sector Business Development at Munich Re.
「保険会社と保険契約者たちが力を合わせれば、とても大きなインパクトを与えることができる。」－東京海上ホールディングス 取締役社長 グループCEO 永野毅。（第45回年次総会にて）
The insurance industry can contribute in two ways to reduce the infrastructure gap: first, as long-term investors that promote new projects, and as risk managers that provide expertise for de-risking the projects, says Tsuyoshi Nagano, President and CEO of Tokio Marine.
Capital charges to insurance companies interested in investing in infrastructure projects are higher than they should be relative to the inherent risk of long-term infrastructure projects, says Dean Connor, President and CEO of Sun LIfe Financial.
Introducing risk management in policy making and in the governance of public institutions would go a long way in attracting capital into infrastructure projects, says Charles Brindamour, CEO of Intact Financial. Recorded at the Extreme Events and Climate Risk Forum 2018 in Toronto.
