The Only Event in 2023 Dedicated to Mitigating Climate Risk for Insurance and the Transition to Net Zero
Seize upon commercial opportunities, address underwriting challenges and develop new products to mitigate climate risk
According to Aon’s 2021 “Weather, Climate and Catastrophe Insight Report” the insurance industry suffered $345 billion of losses in 2021, $329 billion of which resulted from weather and climate- related events. And climate change means this is only going to increase.
Meanwhile, research published last year by the UN Intergovernmental Panel on Climate Change (IPCC) leaves no doubt: climate change is unequivocal, unprecedented and irreversible.
The challenges of understanding, measuring and implementing sustainability and environmental, social and corporate governance (ESG) factors are right at the forefront of re/insurers’ strategic thinking and decision-making. This new landscape presents colossal risks as well as unique opportunities.
It’s not just about underwriting: insurers are now being judged by how they limit climate change and environmental risks, address carbon emissions, assess ESG credentials of their clients, provide inclusive products and services to mitigate client risk and increase transparency and accountability in governance structures.
Attend Climate Risk and Sustainabilityin Re/insurance as 20+ senior executives fromLiberty Specialty Markets, Allianz RE, Generali Deutschland, Marsh McLennan, Swiss Re, RenaissanceRe, R+V Versicherung, Aon, Lloyd's and Glasgow Financial Alliance for Net Zero (GFANZ)and more examine the risks to the industry. This event will give you the tools, contacts and technological insights you need to meet the needs of your clients, initiate your own ESG strategy, and transform the role of insurance, as the industry transitions to net zero.
Don’t delay—join us to discuss how the insurance industry can lead from the front and help society tackle one of the greatest challenges ahead: climate change and climate risk.
12 Sessions that Build Resilience and Rebalance Portfolios in Light of Climate Change. Main Themes:
Boost climate resilience for your clients with risk management services and innovative products:
Identify new exposure opportunities, understand specific perils and respond by creating products and advisory service that address the risk of newer and more frequent hazards
Support the transition to green technologies:
Review your investments and underwriting portfolio exposure simultaneously, and make the shift towards supporting sustainable decarbonised economies and green technologies
Quantify your exposure to climate risk:
Underpin decision-making with better modelling and data, overcome challenges in data collection, and use advanced analytics techniques to project how acute and chronic hazards will have long-term impact on your profitability
Foster cross-industry collaboration:
Contribute to the public conversation on climate risk—work with the public sector and the re/insurance ecosystem to improve building standards and policies
Play your part in the transition to net zero:
Develop a consistent, internal framework to comply with current and upcoming regulations and legislation, set clear goals and KPIs and use ESG to steer and inform your strategy
Help your clients mitigate physical climate risk:
Shift your business model from transactional risk transfers and indemnity payments, towards scalable incentives to manage climate risk
Group head of ESG, Global Head of ESG for UW , Director/Head of ESG, Chief Sustainability Officer, Director/Head of Sustainability, CSR – Corporate social responsibility
5 reasons there has never been a greater need for Climate Risk and Sustainability in Re/insurance Europe 2023
The insurance industry is pivotal in the drive for climate change, risk mitigation, net zero transition planning and supporting companies with their ESG policies.
Play your part in reducing the transition risk: Make sure that you’re adapting quickly enough as carbon-heavy industries fall out of favour with governments, investors, stakeholders and customers
Address your direct exposure to climate-related risks: Avoid a crisis in property-cat underwriting as physical risk, inflation and higher claims costs combine in a perfect storm
Raise the profile and reputation of the re/insurance sector: Reduce bad press and do social good by spearheading sustainability in your organisation that cascades down to your corporate clients
Comply with regulators who are enforcing change: Be one step ahead of regulations, legislation, and guidelines from bodies such as the ISSB, PRA, FCA, TFCD and EIOPA. Go beyond box-ticking, ensure you are future-proof and navigate the regulatory landscape
Improve your top line and create brand differentiation: Sustainability and ESG are already a leading factor in policyholder purchasing decisions
Climate Risk and Sustainability in Re/insurance is colocated with Underwriting Innovation Europe.
Attend both industry leading conferences on June 7 with one pass.
Underwriting Innovation Europe
June 6–7, 2023
Underwriting Innovation Europe will address the issues affecting underwriters and provide a unique opportunity to discover how to develop underwriting systems that are fit for the future, identify the right partner for your transformation process and master how to enhance portfolio management by working smarter for competitive advantage.
This annual event, hosted by Intelligent Insurer, will bring together all underwriting stakeholders for a productive discussion on the major concerns including digitisation, evolving risks, data challenges, and growth opportunities.