Actively engaging in climate change risk reduction will become one of the top strategic priorities for all insurers in 2022. This is a hugely important area, but there is a lot to untangle.
Climate Change Risk Regulation and Measurement: 22 companies to know, a new report from InsTech London, has been designed to inform readers about the opportunities and challenges in reporting insurers’ climate change risk and impact.
Introduction from Matthew Grant, InsTech London Partner
We are confident that you need no reminder that managing and measuring the impacts of climate change are going to be some of the top priorities of insurers for the foreseeable future.
Insurers are seeing pressures from multiple directions including investors, regulator requirements and what appears to be a looming threat of increased liability litigation. We can all agree there is a problem.
Whilst the challenges are big, so are the opportunities. Developing more robust tools and analytics to measure climate change risk, in an interconnected way across physical and transition risk, is needed.
This report aims to highlight the current state of climate change measurement and regulation; the current providers of models, where there are measurement challenges, the opportunities for new tools, and what is to be expected in the future in regards to regulation and standardisation.
Live Chat: Climate Change Regulation and Measurement
Matthew hosted a Live Chat to discuss the report’s findings and the impacts on the insurance value chain.
He was joined by Head of Sustainability at Convex, Rachel Delhaise; Reask CEO and Co-founder Thomas Loridan; Fathom’s Chief Research Officer Oliver Wing and InsTech’s Ali Smedley.
The event is available to watch again on the InsTech London BrightTALK channel.