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.
The Geneva Association has become a supporting institution of the UN-convened Net-Zero Asset Owner Alliance (NZAOA), an alliance of institutional investors committed to transitioning their investment portfolios to net-zero carbon emissions by 2050.
This third and final Geneva Association report on climate change risk assessment presents comprehensive yet practical guidance to help re/insurers implement more holistic assessment and forward-looking scenario analysis in their business models. The report reflects input from key regulatory and standard-setting bodies across jurisdictions and includes three examples of business use cases.
By Maryam Golnaraghi
Director Climate Change and Environment
The highly anticipated 26th session of the Conference of Parties (COP) meeting in Glasgow, known as COP26, was the largest United Nations (UN)-convened gathering of private-sector leaders, including from insurance and finance, technology and engineering. Delegates from over 192 governments participated, ultimately negotiating the official outcome document, The Glasgow Climate Pact.1
Physical climate risks associated with extreme weather events are increasing due to climate change.
