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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Hartford has appointed Terence Shields to the newly created role of chief sustainability officer.
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.
The not-for-profit Microinsurance Network (MiN) has revealed 13 new institutional members have joined its worldwide membership during 2022.
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.
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.
Arch Insurance and Aegis London are the latest (re)insurers to rule out providing insurance for the East Africa Crude Oil Pipeline (EACOP) project.
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.
Scor Investment Partners has launched a new corporate loan fund focused on environmental sustainability and the preservation of natural capital.
The UK’s Financial Conduct Authority (FCA) has created a focus group to develop a code of conduct for ESG data and ratings providers.
The projects launched by the Insurance Development Forum (IDF) over the course of the COP27 meeting in Sharm El-Sheikh demonstrate the ability of the industry to influence systemic change through cross-sector collaboration, according to chairman Michel Liès.