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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

Climate change Resilience

FM expands resilience credit to $825m

Company also sets up consultancy and analysis unit, FM Solutions

Climate change Property

Re/insurers warn of climate tipping point

Ahead of COP30, re/insurers warn global warming could strain their ability to provide coverage

Climate change Mapfre

Inclusive insurance programme reaches milestone

World’s largest inclusive insurance initiative could reach 2.7 million people

International Climate change

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

International Energy

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

Europe Climate change

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

United States Climate change

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

United States Climate change

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

International Climate change

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

International Specialty

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

International North America

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

International Energy
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