Climate change
Insurtech Review of the Year 2023
2023 will be remembered as the year the insurtech funding bubble burst but looking ahead to 2024 players in this part of the market expect providers to realise it is easier to buy systems than build them.
Climate activists paint the city ‘blood red’
Protestors from Money Rebellion, the sister group of Extinction Rebellion, have targeted the offices of UK-based insurance companies in London, Reading, Leeds, Leicester and Colchester.
Q&A: Charles Taylor Assistance’s Jody Baker
Jody Baker, chief executive officer of Charles Taylor Assistance, reveals how the business has evolved since its acquisition, the changing needs of customers and the importance of communication.
KPMG names Huw Evans as head of insurance
KPMG has named former Association of British Insurers director general Huw Evans as its incoming head of insurance.
Why winter weather should pull insurers and contractors together
Ben Blain, property manager at Verisk, urges insurers and contractors to look at their respective schedules of pricing to prepare for the worst weather extremes of winter.
Significant growth of non-standard market forecast
More modular homes, climate change plus increased sales of high performance cars will lead to "unprecedented, dynamic growth in the non-standard market," according to a report from Prestige Underwriting.
Howden pleads for protection of climate-vulnerable countries
Speaking at the COP 28 summit, David Howden, founder and CEO of Howden emphasised the power the private sector has to protect vulnerable countries against the effects of climate change and unlock future investment opportunities.
Axa and Synectics partner; Tesco to offer non-standard home; Markerstudy's three NEDs
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
View from the top: Allianz’s Dixon on doing the right thing during difficult times
As COP 28 gets underway in Dubai, Catherine Dixon, chief underwriting officer at Allianz Commercial, reflects on the need for insurers and brokers to take environmental, social and governance seriously.
Could COP 28 leave insurers with more stranded assets?
As COP 28 kicks off on 30 November, Emma Ann Hughes examines how the race to net zero is creating stranded assets, affecting insureds and insurers.
Podcast: How climate change is transforming insurance
Climate change means the areas impacted by subsidence will double by 2050, and double again by 2080, Heikki Vesanto, manager for GIS data science at LexisNexis Risk Solutions, has warned.
Making sure insurers aren’t left high and dry with stranded assets
As we transition to a low carbon economy, Simon Konsta, disputes partner at international law firm DAC Beachcroft, explores the risk of stranded assets, which affect insurers both in terms of investment and claims.
Lloyd’s consults on Net-Zero approach
Lloyd’s of London has launched a consultation among member firms on its proposed approach in insuring the low-carbon transition over the next three years.
Monitoring ESG supply chain performance delivers competitive advantage
Getting a handle on the ESG performance of supply chain partners can help reduce the likelihood of disruption while delivering financial and reputation benefits. And external validation and monitoring is key to doing this successfully, argues Sara…
Low-carbon materials and the problem of betterment
With COP28 kicking off this week, Nick Turner, head of surveying at Woodgate & Clark, considers the current choice of low-carbon materials in building repairs and the problem of betterment.
How insurers dodged a bullet over storm Ciarán
Tegwen Gabb, senior weather and climate analyst at Eurotempest, reveals how close the UK insurance industry came to sustaining one of its largest insured losses of all time from storm Ciarán.
Diary of an Insurer: Ecclesiastical’s Sarah Pearson
Sarah Pearson, head of enterprise risk management at Ecclesiastical Insurance, kicks off the day with Special K, helps businesses to carry on and ends the week abseiling down Derby Cathedral to support Rainbows Children’s Hospice.
Insurers urged to back more British environmental reinstatement projects
As biodiversity loss reaches an all-time high, insurers are being asked to consider reallocating funds to help ‘direct action’ projects in the UK to support the country’s depleted ecology.
Insurtech Excellence Award winners 2023 unveiled
The category winners in the Chartis Insurtech Excellence Awards have been announced.
CII’s Suzi Rackley asks if it’s enough to Build Back Better
Trade Voice: Suzi Rackley, client director at Howden Private Clients and member of the Chartered Institute of Insurers’ broking board, argues the industry needs to push beyond Build Back Better to ensure the UK is flood-ready by 2039.
Tokio Marine reveals risks faced by London
London’s future is threatened by more extreme flooding and failure to keep pace with technology, according to a new study, with Tokio Marine arguing insurers should help the city prepare for cybersecurity and artificial intelligence developments.
Insurers are financially steady but shaky at articulating risks
Analysis of Solvency II reporting of 100 of the largest non-life UK and Ireland insurers showed the financial strength of the market remains strong but providers need to up their game on articulating operational risks.
Environmental threats slip down agenda as top UK risks are revealed
Economic and societal concerns have overtaken environmental risks as global business leaders share their biggest concerns in the World Economic Forum’s executive survey.
Protesters target Chubb and AIG demanding they ‘rule out’ fossil fuel support
Climate activists took to the city to warn insurers that underwriting fossil fuel projects in Africa is a “risky business” that threatens the rainforest, human rights and their reputations.