Insurers shift to being net zero accelerators

The podcast features Kayne Sheppard, underwriter energy casualty at Zurich, and Steven Whiddett, executive director in Aon’s natural resources, energy transition team, who explain the challenge created by the fact we haven’t reached “peak oil” yet.

The pair talk about the clean energy facility their companies jointly launched earlier this year, which provides cover for smaller-scale blue and green hydrogen projects, plus how insurance is ensuring capacity is available for the race to net.

Sheppard said: “We don’t want insurance to be a blocker when these developers are looking to scale-up technologies that are going to meaningfully decarbonise energy-intensive sectors.

“We’re an enabler, not a blocker.”

Resilience

How the industry is helping individuals and businesses become more resilient from climate change is also tackled by Michael Gregory, director of underwriting strategy at RSA, and Stuart Logue, interim CEO of Flood Re.

Practical tips – such as putting your wellington boots on your dining table legs, or a deflated football down your toilet – are shared by Logue, as well as the work the sector is doing to ensure lives and livelihoods can continue to be protected as extreme weather events become increasingly common.

The group also reveal their hopes for what could come out of COP 29.

As well as being able to listen to the podcast by clicking on the player above, you can also download and keep this episode of the Insurance Post Podcast to listen to anytime, anywhere you want to.

To download the episode, go to your podcast provider of choice (Apple, Google, Samsung, Spotify, Audible, etc) and search for Insurance Post.