All ESG articles
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NewsEU insurance watchdog targets nat cat protection gap
Europe’s insurance watchdog has launched an online platform to analyse the insurance protection gap for natural catastrophes across the continent.
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Axa launches specialist training module for risk managers to tackle climate risk
Axa has extended the offering at its Climate School e-learning arm with the launch of a new digital training course to help risk managers better prepare for climate risks to their organisations.
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Zurich Foundation to launch Urban Climate Resilience Program
Z Zurich Foundation, the charitable foundation formed by members of Zurich Insurance Group, is set to launch the Urban Climate Resilience Program (UCRP) to support vulnerable urban communities across 10 countries.
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Korean Re faces activist backlash over “loopholes” in new coal restrictions
Korean Re, Asia’s second-largest reinsurance company, has become the latest reinsurer to unveil new restrictions on coverage for coal mining and power plant construction as part of a broader adoption of coal, oil and gas exclusions to reach net-zero targets.
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RSA launches low-carbon underwriting policy
RSA has launched a new low-carbon underwriting policy which will see the insurer commit to achieving an underwriting portfolio for energy production that is over 75 percent low carbon by 2030.
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KCC releases climate-conditioned catalogues for hurricanes, floods and wildfires
Cat modeller Karen Clark & Company (KCC) has released its complete stochastic climate-conditioned catalogues for the weather-related perils most impacted by climate change – hurricanes, floods and wildfires.
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Geneva Association: Nature and biodiversity risks present industry opportunity
The speed, scale and scope of nature and biodiversity loss present new risks and opportunities for (re)insurers, as an emerging ‘medium category’ environmental risk with significant potential impacts within the next five years, according to the Geneva Association.
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Howden/Fidelis: Higher ESG ratings lead to improved underwriting performance
Higher ESG ratings lead to better underwriting performance, according to a joint study from Howden and Fidelis which confirmed a correlation between strong climate rankings and lower loss ratios.
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Munich Re and Sompo feature in new ESG Top 100 ranking
German reinsurer Munich Re and Japanese insurance holding company Sompo Holdings both feature in the new ‘Top 100 ESG Companies’ ranking by ESG Book, a provider of sustainability data and technology.
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The Hartford appoints Shields to new chief sustainability officer role
The Hartford has appointed Terence Shields to the newly created role of chief sustainability officer.
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Ageas joins NZAOA to accelerate net-zero ambitions
Belgian insurer Ageas has joined the UN-convened Net-Zero Asset Owner Alliance (NZAOA) to help support the carbon reduction ambitions set out in its Impact24 strategic plan.
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Swiss Re agrees carbon removal market standards partnership
Swiss Re has signed a multi-year purchase agreement with climate tech start-up Carbonfuture to support high quality standards in the biochar carbon removal market.
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Microinsurance Network unveils 13 new institutional members
The not-for-profit Microinsurance Network (MiN) has revealed 13 new institutional members have joined its worldwide membership during 2022.
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FloodFlash and Yokahu partner with Vitesse to speed up parametric payout times
Climate risk insurance platform Yokahu and parametric insurtech FloodFlash have partnered with fintech Vitesse to accelerate relief payments to climate-vulnerable communities and SMEs following extreme weather events.
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WTW survey highlights ESG’s rise up the corporate agenda
ESG issues are continuing to rise up the corporate agenda, according to a new study by WTW which found that almost three quarters of risk managers consider an improved ESG score a core focus for their business.
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Howden: Insurers can contribute $2bn of private disaster capacity over next five years
The insurance industry has the ability to deliver $2bn of privately funded capacity behind disaster relief projects in the next three to five years to address the widening humanitarian funding gap, according to David Howden.
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Aegis and Arch rule out East Africa oil pipeline project
Arch Insurance and Aegis London are the latest (re)insurers to rule out providing insurance for the East Africa Crude Oil Pipeline (EACOP) project.
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NAIC expresses “deep concerns” with US Treasury’s climate data proposal
The National Association of Insurance Commissioners (NAIC) has hit back at the US Treasury’s proposal to collect climate-related data from property casualty carriers, stating in a letter that it is “disappointed and concerned” that insurance regulators were not engaged.
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Scor launches sustainability fund targeting €500mn investment
Scor Investment Partners has launched a new corporate loan fund focused on environmental sustainability and the preservation of natural capital.
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FCA forms working group to develop ESG code of conduct
The UK’s Financial Conduct Authority (FCA) has created a focus group to develop a code of conduct for ESG data and ratings providers.
