Sustainable Insurer: August/September 2024 Edition

Welcome to the August/September edition of Sustainable Insurer, your monthly digest of all the major developments in the industry’s efforts to build a more sustainable future.

In this edition, a trio of directors from Aon’s climate risk advisory practice provide an overview of the carbon insurance market, as well as underlining how the sector can be harnessed to address some of the short-term issues around confidence in the market.

We also hear from Lloyds Bank’s sustainability and ESG finance team on the critical role of insurance in fostering climate resilience and adaptation, and on using AI to assess climate risks.

Elsewhere Torolf Hamm, senior director in WTW’s climate practice, has warned that firms that fail to assess climate change and social factors as financial risks will be unable to tackle the “huge beast” of the EU’s Corporate Sustainability Reporting Directive.

In this month’s Viewpoint, David Saillen, head of fine art and specie for continental Europe at Liberty Specialty Markets, highlights how insurance can play a role in supporting ESG in the art world across digital art, climate control requirements and ethical provenance.

And Kentro Capital’s chief experience officer Cheryl Seal has called on the insurance industry to extend its efforts beyond gender parity to take greater action around ethnicity, LGBTQ+ representation and socioeconomic diversity.

We also bring our latest monthly tracker table of recent announcements and initiatives launched across the sector.

Visit sustainable-insurer.com for regular updates as the industry continues its drive for a more sustainable future.