Renewed calls for climate collaboration across insurance and government

Global insurance industry group, Climatewise, convened by the University of Cambridge Institute for Sustainability Leadership, has released a whitepaper exploring the potential contribution of innovative insurance products in the transition to a net zero economy.

The report draws on the expertise of more than 10 Climatewise members including Aon, Allianz, Aviva, AXA, Lloyds, Zurich and makes recommendations to support the insurance industry’s meaningful part in the decarbonisation of the global economy.

Dominic Christian, chair of Climatewise and global chairman, Reinsurance Solutions at Aon said: “The tangible impacts of climate change are being felt more deeply and seen more frequently than many expected. Although the insurance industry is changing, that rate of change must accelerate and innovative climate products must be developed so that industry can both enhance resilience and facilitate the transition.

“Climatewise members seek to be at the forefront of product innovation that drives and enables the transition to net zero and we hope this new white paper will lead the way for greater collaboration within our industry and with external decisionmakers to support the urgent need to tackle climate change.”

See the next issue of CIR Magazine for more on this report. CIR Magazine is printed on a bi-monthly basis. The current issue, May-June, is available here. The July-August issue will be published in July.

Image courtesy: Sea Shepherd

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