The UK government's consultation on a captive insurance framework could allow fossil fuel companies to self-insure assets no longer covered in the traditional insurance market, environmental protest group Insure Our Future has warned.
The Federation of European Risk Management Associations (Ferma) has highlighted the energy transition, cyber resilience and economic security as its key policy priorities to contribute to the Polish presidency of the Council of the EU.
Insurers need to “go back to basics” and view uncertainty over future liabilities related to the transition to a low-carbon economy as an advantage for underwriting, a new report by Aon and Deloitte has urged.
Axa XL has provided research funding to the Institute for Science, Innovation and Society (InSIS) at the University of Oxford to improve understanding of the private sector's approach to reaching net-zero in developing countries.
In the second instalment of our 2024 year in review series, we explore natural catastrophe losses with Scott Vincent, the growing role of parametric insurance in addressing coverage gaps with Henry Gale, and the insurance industry’s efforts to facilitate the transition to a net-zero economy with Rebecca Delaney.
At the beginning of 2024 Sustainable Insurer outlined five key themes for the year ahead, centred around the adaptation and resilience agenda and the increasing complexity of ESG regulations.
Aviva, Axis and Munich Re are the only major (re)insurers that write more direct premiums for renewable energy than fossil fuel infrastructure, according to a new report by Insure Our Future, which slammed industry-wide underwriting of fossil fuels as “economically dubious”.
Generali, Allianz and Zurich have topped the 2024 scorecard by Insure Our Future for implementing the most comprehensive fossil fuel underwriting restrictions across 30 global (re)insurers.
Insurers are not giving sufficient consideration to nature-related risks across their entire underwriting portfolios, according to a new guide by the UN Principles for Sustainable Insurance initiative.
Geopolitical competition and growing global demand for lower-carbon technologies is likely to result in supply chain disruptions for lithium-ion batteries in the coming years, QBE Asia has warned, with rapid manufacturing developments likely outpacing regulations.