Sustainability
UN forum proposes insurance taskforce for climate talks
The Forum for Insurance Transition has presented its recommendations for the role re/insurers play in the transition to net zero
FM expands resilience credit to $825m
Company also sets up consultancy and analysis unit, FM Solutions
Re/insurers warn of climate tipping point
Ahead of COP30, re/insurers warn global warming could strain their ability to provide coverage
Inclusive insurance programme reaches milestone
World’s largest inclusive insurance initiative could reach 2.7 million people
Global renewable energy insurance premiums could reach $26bn by 2030
Global renewable energy capacity will nearly double to 8.5 terawatts by 2030, pushing insurers to adapt as solar, wind, and hydropower projects expand across established and emerging markets, Swiss Re forecasts
Ferma gleans opportunities from CSRD
Federation of European Risk Management Associations highlights the main sustainability risks shown in the first wave of Corporate Sustainability Reporting Directive disclosures
California warned of $2trn wildfire coverage gap
State regulations blamed for hindering insurers’ ability to properly price insurance cover in California and pass on the burden of rising reinsurance costs
The Los Angeles wildfires raise three critical modelling questions
To ensure wildfire models remain relevant and robust in this fast-evolving risk landscape, insurers, reinsurers and risk managers must critically evaluate the models they use
Captives can help drive climate finance: WTW’s Hamm
WTW’s head of catastrophe and climate risk management describes how captive insurance companies could play a key role in climate finance
CFC becomes approved provider for UN-backed carbon credit scheme
By providing cover CFC will also be supporting the eligibility of carbon capture project under the scheme
Q3 catastrophe losses well below average amid ‘lucky’ hurricane season
Insured losses come in at less than $15bn for the quarter thanks to lack of hurricanes as year-to-date losses fall below average, according to Gallagher Re
Green transition ‘requires more sophisticated insurance products’
Investment in transition technologies requires a combination of specialist financial lines insurance and more traditional covers, Tokio Marine GX chair, Fraser McLachlan, says
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