Author: Tracey Jones
Source:
Post |
16 Feb 2012 |
Categories: Insurer
Tags: Future-risk | Cii | Environmental | Climate change
The chairman of Climatewise John Coomber recently wrote that the global response to climate change to date had been "lethargic" and "totally out of proportion with the scale of the threats we face".
Given this damning indictment, what role should the insurance industry play in setting the agenda on this issue; and how seriously is it likely to be taken given past brushes with governments at a local and global level?
As significant institutional investors, a number of firms are already exploring the relationship between the regulatory environment in which insurers invest and their ability to engage in new investment opportunities for national and international climate financing.
But could and/or should it be playing a major role in influencing the "mega" trends such as defining where populations should gravitate to, the redistribution of the world's economic activity and resource scarcity?
Given the current global economic slowdown and re-drawing of the fiscal and economic parameters by which governments seek to stimulate growth, is this a good time for the insurance industry to push its views, or are they likely to be lost amid the wider hullabaloo?
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Tags: Future-risk | Cii | Environmental | Climate change
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The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.
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