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Tag: Climate Change


Geo-Political, Risk Management

Green transition will drive up inflation – but less than unchecked climate change

June 20, 2022

Via: Reinsurance News

The “green transition” to renewable energy is expected to create inflationary pressure over the next decade. And the faster renewables are adopted, the worse this problem is expected to become in the medium term. However, according to a new forecast […]


Geo-Political, Risk Management

Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme

May 23, 2022

Via: Insurance Journal

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges […]


Geo-Political, Risk Management

Climate Change Is Hurting Insurance Industry: Report

May 17, 2022

Via: Insurance Journal

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in […]


Geo-Political, Risk Management

Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE

May 3, 2022

Via: Insurance Journal

The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by 2050 but will also help bolster investment in renewable energy, a Bank of England (BoE) policymaker said on Tuesday. Elisabeth […]


Geo-Political, Risk Management

Shell’s Board Faces Personal Liability for Failure to Cut Emissions: Environment Group

April 25, 2022

Via: Insurance Journal

A group that won a victory over energy major Shell last year with a Dutch court order that it deepen greenhouse gas cuts, has warned the company’s board of possible personal responsibility if it fails to implement the verdict. The […]


Geo-Political, Risk Management

California insurance commissioner’s report discloses insurers’ fossil fuel investments

April 19, 2022

Via: Insurance Business

With the ambition of holding insurance companies liable for their role in climate change action, California Insurance Commissioner Ricardo Lara has released a new report that details the fossil fuel investments of insurers operating in the state. According to a […]


News

Climate Change Protesters Disrupt Lloyd’s Headquarters

April 12, 2022

Via: Insurance Journal

Climate change protesters in London have targeted insurance underwriting house Lloyd’s of London for its role in enabling fossil fuel projects. The City of London Police said they were aware of protests at London’s Liverpool Street Station and the Lloyd’s […]


InsurTech

Lloyd’s Lab Selects 11 Insurtechs to Test Decarbonization, Climate Change Solutions

March 31, 2022

Via: Insurance Journal

The Lloyd’s re/insurance marketplace announced the next 11 insurtech start-ups that will join the eighth cohort of the Lloyd’s Lab in its 10-week program. Lloyd’s Lab, the market’s innovation accelerator, brings together insurtech, insurers, and brokers to test new, innovative […]


Risk Management, Trends

Climate change will offer long-term tailwinds: Goldman Sachs

February 4, 2022

Via: Reinsurance News

Analysts at Goldman Sachs believe that the London Market and re/insurance stocks are debating whether companies are pricing correctly for the increased cost of weather losses due to climate change, or whether companies are basing pricing on historical trends. According […]


News

World’s Largest Asset Owners Pledge to Halve Emissions in Portfolios by 2030

January 25, 2022

Via: Insurance Journal

A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response to climate change and aimed to at least halve carbon emissions from their investment portfolios by 2030. The 69 members […]