Sustainability – Page 6
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InsightBriefing: Five big issues facing insurance firms in 2022
It’s not just the FCA’s pricing and product reform that will be on the mind of the industry in 2022
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Latest News
Climate crisis is ‘biggest long-term threat facing humanity’
Lobbying group’s report urges the insurance industry to ‘think outside the box’ and act on climate change risks
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CII’s Society of Insurance Broking to focus on attracting fresh talent to sector in 2022
A dominant theme for brokers will be ensuring that clients’ cover and sums insured are regularly reviewed, says SIB chair
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Ecclesiastical issues new broker guidance for education sector risks
Ecclesiastical’s customer segment director says ’brokers play an important role’ in helping education clients understand risk
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Western European flooding last July deemed ‘most significant loss event in 2021’ – Cresta
International natural catastrophe events outside of the US that generated over $1bn in insurance losses created an accumulated $21.6bn loss in 2021
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Business leaders unaware of climate change risk ‘is a problem’ – Aviva’s Winslow
UKGI boss emphasises that ‘climate change is no longer a distant threat’ and that it must be given ‘the attention it needs’
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Flood risk now demands resilience rather than defences as UK switches strategy
Loss adjusting firm flags that ‘the government’s strategy has now changed’ around flood risk, with the onus on individuals and businesses to protect their own properties
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Insurers set to become ‘lifestyle partners’ for customers in 2022 - Capgemini
Success in P&C market will hinge on being ‘customer-centric, savvy about intelligent processes, able to bring products to market agilely and willing to collaborate at scale with ecosystem partners’
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Insurers urged to take action on underwriting to fight global warming
Underwriting is an important part of fighting climate change, says climate research group
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Allianz pledges £100k to help independent brokers transition to net zero in 2022
Independent brokers that work with Allianz and employ up to 50 people are invited to apply for the insurer’s latest programme
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Features
Bruce Carnegie-Brown: Lloyd’s of London keen to grow Asia Pacific relationships
Lloyd’s identifies Singapore as ’gateway of choice’ in the Asia Pacific region
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Covid-19, mental health and cyber bullying listed as top short-term risks for schools – Ecclesiastical
The insurer is encouraging brokers to speak to clients about the risks cited in its latest research
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MS Amlin Underwriting hires head of sustainability and ESG
The appointment ‘signals MS Amlin’s continued commitment to investing in and building on our ESG expertise and capabilities’, says director of strategy and transformation
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Lloyd’s chairman divulges market’s road map to hit net zero
Lloyd’s will be piloting a reporting regime to measure its journey to net zero
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London Forum of Insurance Lawyers hires new president
Foil will continue its work with insurers operating in the London market
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Zurich launches initiative to help flood-stricken customers build back better
The insurer aims to reduce its carbon footprint and help customers that are victims of repeated flooding
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Zurich makes minor move away from underwriting oil and gas
Campaigners demand that Zurich takes ‘more meaningful’ action, but acknowledges progress regardless
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Insurance industry is ‘an important partner’ for Asia’s economies – Singapore finance minister
Singapore has a good base of investment arms
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Majority of insurers believe climate risk will impact investment portfolio – BlackRock
Environmental risk is now considered a serious threat for insurers
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Brokers are ‘at the heart’ of the industry’s push to achieve net zero – LIIBA
Regulators, however, need to be flexible and less demanding for data, says broker body top boss
