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Sustainability

 

 

Axa XL fronts parametric policy via Luxembourg captive

‘First-of-its-kind’ policy protects large energy business against a lack of rainfall

Axa Europe

Parametric insurance can play a crucial role in protecting coral reefs

While parametric insurance for coral bleaching faces significant challenges, it is likely to play a growing role in protecting against acute hazards such as tropical cyclones

International Property

Captives ideally placed to support sustainability

Of 6,000 captives worldwide, only four have signed the UN’s Principles for Sustainable Insurance

International Risk Management

LMA launches framework for insuring transition risk

While some insurers are already actively underwriting the transition, managing agents should be aware of silent transition risk, association warns

London Lloyds

Lloyd’s partners with UN on disaster resilience vehicle

'First of its kind' resilience vehicle will leverage global reinsurance markets to provide exposure-based payments directly to climate-vulnerable communities

Lloyds Asia Pacific

Generali restricts cover for new fossil fuel infrastructure

Italian giant will stop writing policies for some midstream and downstream facilities

Europe Climate change

Perils lowers Babet losses to €639m

The UK incurred the majority of the losses, totalling £495m, loss aggregator says

Europe Losses

Mitigation needed to reduce frequency catastrophe losses: Swiss Re

The insurance industry needs to work with the public sector and civil society to roll out mitigation efforts, the Swiss reinsurer’s head of P&C reinsurance for northern, central and eastern Europe says

Europe Property

Helene takes 9M insured losses over the $100bn mark

Severe convective storms account for more than half of insurers' exposure, analysis by Gallagher Re finds

International United States

Lloyd’s far off net-zero target, climate activist group claims

Lloyd’s managing agents urged to cease covering new fossil fuel projects from January 1

International Climate change

Parametric insurance can play a vital role in east Africa’s battle with severe drought and rain

East Africa rainy seasons are primarily influenced by the movement of the Intertropical Convergence Zone, but they are also affected by major climate patterns: the Indian Ocean Dipole and El Niño-Southern Oscillation

Middle East and Africa Willis Towers Watson

Outdated models are no longer sufficient to predict future risks: Swiss Re

Swiss Re Institute’s Alicia Montoya calls for a ‘complete data revolution’ in the insurance industry

International Swiss Re
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