With a challenging 12 months ahead for the industry as it steps up its efforts to address climate change, we identify four key areas in which insurers can push forward during 2022.
Insurance Development Forum (IDF) secretary general Ekhosuehi Iyahen has said the industry body will focus on implementing many of the initiatives unveiled during COP26 over the coming year.
New “threads” of underwriting and changes to processes will have to be implemented into professional liability coverages as ESG considerations become more established.
As COP26 discussions came to a close last week in Glasgow, Aon’s Emma Karhan believes the event has helped highlight the important role the insurance industry has to play in helping mobilise capital to address challenges posed by climate change.
As COP26 draws to a close, negotiators are continuing to attempt to agree a deal on the next steps the world will take in addressing climate change.