Insurers focus on risk and resilience

As we approach COP 26, Business Reporter is delighted to introduce our Sustainability Talks series, in support of the UN SDGs and the Decade of Action.

 

Climate Change is the number one risk to the world’s economy. According to Swiss Re, the reinsurance group, global property insurance premiums are predicted to rise by 41 per cent by 2040 due to the growing frequency and severity of extreme weather.

 

For insurers, the risk is two-pronged – they face increased pay-outs to policy-holders as a result of more frequent floods, wildfires and droughts, while the huge investment portfolios they use to pay out on claims are also at risk from the impacts of climate change on all sectors of the economy.

 

Business Reporter is delighted to share the Insurance, Sustainability & Climate roundtable with some of the UK’s industry experts to discuss how the insurance industry is developing resilience in their investments and for businesses and policy-holders.

 

The panel includes: 

 

Alix Bedford, Risk Proposition Manager, Zurich Municipal

 

Ben Wilson, Director of Advocacy, Association of British Insurers

 

Dermot Kehoe, Communications and Transition Director, Flood Re

 

Ekhosuehi Iyahen, Secretary General, Insurance Development Forum

 

Rebekah Clements, Sustainability Director, Lloyd’s

 

About

 

Sustainability Talks is Business Reporter’s thought-leadership interview series, featuring conversations with some of the world’s most inspirational organisations, subject matter experts, scientists and thought-provoking business leaders. It will explore their work in tackling global sustainability challenges and achieving a just transition to a low carbon economy.

 

Business Reporter is a United Nations SDG Media Compact member, and as such, it is committed to delivering content to its business communities that will provide insight into how business leaders and industries are moving the needle in our transition to a low carbon economy.

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For further information, please visit business-reporter.co.uk/sustainabilitytalks or contact our Executive Producer Katherine Vass at k.vass@business-reporter.co.uk