All Climate Change articles – Page 7
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NewsClimate-crisis in an era of comply or explain
With unstoppable momentum towards zero carbon, how can risk professionals identify key risks and opportunities?
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NewsSevere weather events drive global insured catastrophe losses of USD 42 billion in first half of 2021
A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of USD 40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsAviva unveils seven steps to protect UK homes and businesses from climate change
Aviva has called for urgent action to make sure that UK homes and businesses are protected from the impact of climate change and extreme weather in its new report.
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NewsPrince Charles and global insurance industry join forces on climate change
His Royal Highness (HRH) The Prince of Wales has launched a new Sustainable Markets Initiative (SMI) Insurance Task Force partnership during his visit to Lloyd’s of London today.
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NewsInsurers are failing to use their influence to fight climate change - ShareAction
Some commentators believe ’the insurance industry is the single most annoying part of this whole climate puzzle’
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NewsEnvironmental risks, climate change threatens megacities
Firms must align climate risk assessments with the recommendations of the TCFD to build greater resilience - Verisk Maplecroft
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News‘Average’ Atlantic hurricane season to reflect more storms
Higher averages based on most recent 30-year climate record
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NewsClimate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
Climate change is not a threat - instead it is the “biggest single investment opportunity” for the insurance sector in this lifetime, according to Lloyd’s of London’s chief executive John Neal.
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ReportsWEF: No vaccine for climate change
In 2020, the world saw the catastrophic effects of ignoring long-term risks such as pandemics - WEF Global Risks Report 2021
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NewsZurich puts environmental and social goals at heart of impact investment strategy
Zurich becomes first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio
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NewsAon enhances its global tropical cyclone models with climate risk scenarios from Columbia University collaboration
This enhancement will enable insurers to quantify climate risk in their portfolios and make adjustments that will inform better decisions on pricing, investments and exposure management both today and over the long term.
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NewsWillis Towers Watson buys climate change advisory business
Global advisory and broking business Willis Towers Watson (WTW) has bought climate change adaptation advisory and analytics business Acclimatise in order to broaden its service offering around physical climate risk and resilience.
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NewsReuters: Britain’s biggest fund manager expands engagement on climate
Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change to help to accelerate global efforts to move to a low-carbon economy, it said on Wednesday.
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NewsSCOR: How can (re)insurers lead the way on climate change action?
Michèle Lacroix, Head of SCOR’s Group Investment Office: How to include sustainability in investment decisions? Financial markets are leading the way in the sustainability journey. Stringent regulation over the last five years has meant that CSR and ESG are now common acronyms, with Environmental, Social and Governance being the ...
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NewsAXA XL Unveils Carbon Management Strategy
Strategy outlines commitment and roadmap to decarbonize AXA XL’s operations in line with goal to limit global warming to below 1.5 °C.
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NewsNew Zealand introduces climate risk disclosure regime
New rules will require firms to disclose how climate change will affect their business on a ‘comply or explain’ basis
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NewsMetLife to Reduce Emissions by 30 Percent and Originate $20 Billion of New Green Investments By 2030
Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate U.S. $5 million to develop products and partnerships that drive climate ...
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NewsZurich launches dedicated Climate Change Resilience Service
Zurich today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.
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NewsIndonesia flood model launched
Climate change influences are likely to increase the impact of flooding over the near and medium term
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NewsFlood Re chief exec outlines next steps for addressing climate change risk
Flood Re’s chief executive Andy Bord outlined what should happen next to ensure that it can address climate change and reach a risk-reflective home insurance market by its exit in 2039. The flood re-insurer presented evidence to Parliament’s Environment, Food, and Rural Affairs (EFRA) Select Committee yesterday addressing the evolving ...
