ESG Climate Risk
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November 13, 2023
Aon urges companies to focus on extreme heat risk
There is an urgent need for the risk industry to analyse climate trends to deliver better risk mitigation, as the…
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November 3, 2023
Moody’s RMS highlights climate change threat to Caribbean islands
The Caribbean islands face a significant and growing threat from the impacts of climate change and there is a need for…
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November 2, 2023
More focus needed on physical climate risk
ESG Risk Review talked to Stuart Large, business development director, Jupiter Intelligence, about climate risk – what it includes, getting…
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November 1, 2023
Climate groups urge IAIS to take action on insurers over climate crisis
More than 30 climate, environmental and consumer protection groups have called on the International Association of Insurance Supervisors (IAIS) “to…
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October 25, 2023
Eiopa stresses need for coordinated response to nat cat threat
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told MEPs there needs to be a…
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October 17, 2023
Howden launches global climate parametric practice
A new global practice that brings together (re)insurance, climate, and data expertise to provide parametric solutions for climate risks has…
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October 12, 2023
Climate risks loom large over semi-conductor supply chains, warns Moody’s
The resilience of global supply chains is under threat from the concentration of semi-conductor manufacturing in regions highly exposed to…
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October 11, 2023
Companies must prepare for more extreme weather
Europe has again been hit by extreme weather events this summer. Two floods stood out in the stream of droughts,…
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October 11, 2023
WTW re-focuses climate practice with risk and analytics capabilities
WTW is to bring its climate and risk & analytics capabilities more closely together under common leadership. The broker has…
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October 5, 2023
Insurance Europe calls for action on climate change adaptation
Governments around the world must adopt “profound” climate change adaptation measures to reduce the risk exposure to natural catastrophes and…
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September 27, 2023
US severe convective storm losses exceed $50bn, says Gallagher Re’s Bowen
Severe convective storms in the US have breached annual insured losses of $50bn for the first time before the year…
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September 27, 2023
Dutch and German insurers unite to face flood risk
The Dutch insurance association (VVV) is working with its German equivalent (GDV) in key areas of mutual concern such as…
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September 27, 2023
Sedgwick launches climate risk and resiliency programme
Sedgwick has launched a climate risk and resiliency programme designed to address the impact of climate-related losses. The multidisciplinary solution,…
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September 22, 2023
Australian insurers warn of heighted bushfire risk
The Insurance Council of Australia (ICA) has warned about the heightened risk of wildfire during the current El Niño conditions,…
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September 14, 2023
Zurich calls for bolder climate policies to support net zero targets
Most companies (77%) across key sectors have a net-zero plan in place, according to research from Zurich Insurance, with 70%…
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September 13, 2023
FM Global releases $350m credit for clients’ climate resilience projects
FM Global said it will distribute a $350m resilience credit to its clients to invest in risk mitigation measures against…
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September 13, 2023
Zurich and KPMG partner on climate change advisory services
Zurich and KPMG have entered a strategic collaboration to provide climate change advisory services. The partnership between Zurich Resilience Solutions,…
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September 11, 2023
Munich Re vows to invest more in climate friendly technology
Risk and insurance managers across Europe are becoming increasingly frustrated with the apparent inability of the insurance sector to back…
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September 9, 2023
Record breaking year expected for ILS issuance, says Aon
Overall insurance-linked securities (ILS) capital has reached $100bn in 2023 and 2023 is trending towards the greatest-ever annual catastrophe bond…
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September 7, 2023
Insurers face challenges over weather-related risk as reinsurers pull back
Insurers are facing larger and more unpredictable weather-related losses as a result of growing insured exposures, high reconstruction costs and…