ESG – Page 9
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News
Brokers need more transparency and consistency with ESG client data
Greater collaboration on ESG data between reinsurers and brokers is essential to move the industry forward
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News
Renewable energy risk managers face choppy waters in 2023 – WTW
Taking several ‘important steps’ will ‘help’ and ‘protect’ firms in this market, says executive director of the Climate Markets and Investment Association.
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United Nations’ NZIA launches inaugural target-setting protocol
The ‘landmark breakthrough’ aims to ‘serve as a catalyst to set unprecedented and ambitious’ net zero targets, says group chair
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Aviva enhances sustainability commitment with new offshore wind market offering
The insurer’s chief executive for UK and Ireland general insurance believes this is an ‘exciting’ ‘growth area’
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Insurers’ capital outlook darkened by increasing climate risk – GlobalData
Extreme weather events have already caused UK insurers to lose around £1.5bn, says senior insurance analyst
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Superscript completes £45m series B funding to 'transform' SME cover
In a challenging macroeconomic environment and shift in global investor appetites, this funding round represents a huge vote of confidence says firm’s chief executive
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News Analysis
Briefing: Looming recession spells further bad news for insurers
A swirling storm of tough economic issues promise to create a difficult start to the year
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Aston Lark expands UK footprint via two new regional offices
The broker’s managing director believes ’there’s still no substitute for having our people on the ground’
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Inflation tops concerns for insurance sector in 2023 – GlobalData
Over a third of insurance industry respondents to firm’s poll cited inflation as the standout challenge ahead of other issues such as digitalisation, climate change, regulation, Covid-19, cybercrime and geopolitics
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News Analysis
Parametric insurance poses ‘really compelling’ solution to climate change driven weather events
Following November’s Cop27 conference, the impact of weather events influenced by climate change has hit home – and brokers are looking outside of traditional covers to help clients
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Insurance sector ‘perfectly positioned’ for carbon removal action – Swiss Re
Senior risk manager advises underwriters to not be “scared” of providing cover for carbon removal because many of today’s insurance products are fit for purpose for these processes
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Risk managers should adapt approach to supply chain risks – Airmic
’Supply chains are adapting and reshaping in response to the fast changing and volatile world we operate in,’ says chief executive
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Freedom Services Group cuts staff attrition and sickness with four-day working week model
The intermediary business believes its new working model has given the firm a ‘competitive advantage’, says executive director of culture and engagement
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RSA makes low carbon underwriting pledge
The pledge furthers goals set out in the insurer’s 2019 climate change policy document
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News Analysis
Insurance industry backs calls for enhanced flood infrastructure programme
Industry commentators approve of recommendations to tackle the ‘inherently uncertain and difficult to predict issue’ of surface water flooding in the UK
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Marine market will see ‘more restrictive capital’ and ‘narrower policies’ in 2023 – Concirrus
The impact of the war in Ukraine is likely to continue to affect marine lines next year, says chief executive
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News Analysis
Briefing: Staffing crisis has created power shift
Are insurance organisations having to work harder to retain staff in today’s preferred hybrid working world?
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News
WTW launches parametric coral reef insurance policy
The policy will be used to fund rapid coral reef repair and restoration following storms
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Zurich urges government to introduce single accreditation scheme as solar panel fires rage
’The government and industry should monitor whether the trend in fires grows,’ says major loss manager
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News Analysis
Briefing: Climate change sees risk managers demanding shift from insurers
Traditional insurance products may not be fit for purpose in the face of evolving climate risks – insurers and brokers must therefore rethink propositions, according to surveyed risk managers