Key challenges will be how to underwrite, price and manage mortality and morbidity risk, as well as medical expense exposure under worsening climate conditions. There is strong evidence that extreme heat will lead to higher mortality and morbidity rates. Likewise worsening air pollution and higher frequency and intensity of climate related disasters will have …
The annual conference, which was the second highest attended, felt more focused on action than in some prior years. Governments recognize they can’t fund the transition to a carbon neutral economy on their own and financial markets must play a more leading role. Financial markets are hesitant to finance large scale or new types of …
At COP27 Climate Discussions Focus on Implementation and Action Read More »
Emerging market and developing economies account for two-thirds of global greenhouse gas emissions, and many are highly vulnerable to climate hazards. They will need significant financing in the coming years to help them reduce emissions and adapt to the effects of climate change. Climate policies and finance can be complementary, as better policies can work …
How blended finance can support climate transition in emerging and developing economies Read More »
No organization will be untouched by climate change, and the transformation of the global economy it demands. Risk managers must ask themselves two key questions: what is the impact of my organisation on the climate? And on the flip side, what is the impact of the climate on my organisation, both now and in the …
3 ways businesses can decarbonise and help reach net zero Read More »
The increased severity and prevalence of extreme heat is intensifying adverse conditions for outdoor workers. Sectors like agriculture and construction may need to explore the potential for new or increased risks and disruptions — and how to mitigate them. The International Labour Organization estimates that, by the year 2030, 2% of total global working hours will be lost …
Too hot to work: insuring against heat in agriculture Read More »
Are the industry players in emerging Asia equipped to contribute meaningfully in the race to zero? What are the challenges or impediments to more aggressive action, especially with the increasing frequency of severe climate-related disasters – windstorms, floods, wildfires, drought, extreme temperatures – occurring the world over? Moderators: Conor Donaldson, CEO, Global Asia Insurance Partnership …
Good morning, ladies and gentlemen. Welcome to the Singapore Pavilion’s Finance Day, hosted by the Monetary Authority of Singapore (MAS). Climate change is no longer a prediction, it is becoming a reality. The frequency and intensity of today’s extreme weather events have exceeded early climate models. We are in a race for our lives, to …
In the first half of 2022, severe weather including hailstorms and heavy rain hit France, so far causing an estimated EUR 4 billion of insured market losses, based on data from the French Federation of Insurance Companies. Launch of guidelines for oil and gas business to accelerate the decarbonization of energy sector in the medium …
Allianz Reinforces Its Commitment to Net-Zero Strategy Read More »
ESM Goh, Dr Euston Quah, distinguished guests, ladies and gentlemen. It is both an honour and pleasure to speak to you. There are many pressing issues I could talk about today. The world is just emerging from the most devastating pandemic in over a century, with far-reaching changes whose effects will be felt for years …
Who is leading the climate conversation in your organization? The sustainability team? Leaders in the finance or environment, social and governance (ESG) functions? Or perhaps general counsel and investor relations are at the forefront? Arguably, a race is on between business functions over which should own the climate change agenda, and in this insight, we …
Five ways insurance and risk professionals can own the climate agenda Read More »
