Climate change 4

UK (re)insurance industry calls for “leadership” from PM on climate issues

2021-09-20T12:46:00+01:00

Almost 100 UK businesses, including eight representing Britain’s (re)insurance sector, have written to Prime Minister Boris Johnson urging him to show strong “domestic leadership” that can help deliver global progress on climate change.

Fitch Ratings

Fitch: ESG cat bonds a “catalyst” for ILS market growth

2021-09-20T07:16:00+01:00

Environmental, social and governance-branded catastrophe bonds could be a catalyst for future market growth, according to Fitch Ratings, with the agency noting that alternative reinsurance protection against climate factors could lead to a doubling of the market by 2030.

Insurtech

Insurtechs should be seen as value-add innovators not competitors

2021-09-17T06:47:00+01:00

Insurtechs should not be seen as competition but instead be viewed as bringing value to the table, according to panellists at the Reuters’ Break the Barriers to Innovation webinar. 

EY Penney Frohling

How ESG ratings impact total shareholder return

2021-09-16T12:55:00+01:00By Penney Frohling, EY-Parthenon Partner and EMEIA Financial Services Strategy Leader

Environmental, social and governance principles have risen with astonishing speed to the top of the strategic agendas for senior leaders and boards in insurance. That’s appropriate given the growing importance of ESG ratings to capital markets and the investment community.

Browne Jacobson

Developing an effective ESG sustainability and responsibility programme

2021-09-16T11:45:00+01:00

UK financial services and other firms will be aware of the growing legal and regulatory pressures they face in respect of climate-related financial risk management, especially in the form of current or prospective disclosures (see for example the FCA’s: consultation paper (CP21/18)).

The ESG Insurer Monthly Edition PDF

Welcome to the sixth edition of The ESG Insurer, your new monthly digest of important developments in the insurance industry’s transition towards a more sustainable future.

The ESG interview

Fidelis sustainability

Fidelis targets more sustainable future

2021-09-15T13:02:00+01:00

Fidelis recently strengthened its sustainability drive with the appointment of Victor Riega, who joined group chief underwriting officer Charles Mathias and general counsel Patricia Roufca to discuss the carrier’s sustainability plans with The Insurer.

The ESG Tracker

Fossil fuels US EU Japan

European carriers outpace US and Japanese rivals on fossil fuel restrictions

2021-09-01T12:50:00+01:00

European (re)insurers continue to outpace their counterparts in the US and Japan in making commitments towards restricting underwriting for fossil fuels.

The Insurer TV

Howard Kunreuther – Close Quarter

Kunreuther: Climate change “uninsurable” if left to the private sector alone

2021-09-16T10:05:00+01:00

Catastrophic risks associated with climate change will remain largely uninsurable unless the private (re)insurance market forges long-term partnerships with the public sector, according to Wharton School professor Howard Kunreuther.

Comment

Maze globe

Meeting the climate challenge: the #ReinsuranceMonth debate

2021-09-16T11:42:00+01:00

In the absence of the annual market gatherings that typically take place at this time of year, The Insurer’s #ReinsuranceMonth has sought to facilitate debate and discussion around critical industry issues throughout the month of September.