It is time for the insurance industry to end its climate cakeism

clock • 5 min read

Ed King argues that last week's industry summit revealed how too many insurers want to tackle climate risks while still investing in carbon intensive assets

Climate change will hit the insurance industry's bottom line. That's the nub of a report due out later this month, a collaboration between the International Association of Insurance Supervisors and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Can the insurance industry get a grip on the looming insurability crisis?

Can the insurance industry get a grip on the looming insurability crisis?

Insured losses from climate risks are on the rise, fuelling fears among analysts that future risks could outpace the insurance industry's ability to manage them

clock 19 March 2026 • 6 min read
'We need a coordinated response': How businesses are ignoring the threat of invasive alien species

'We need a coordinated response': How businesses are ignoring the threat of invasive alien species

Report warns businesses are failing to respond to the risks invasive alien species can pose to organisations and supply chains

clock 17 March 2026 • 6 min read
'Sheer fantasy': Study warns 'drill baby drill' approach to North Sea would result in negligible savings for households

'Sheer fantasy': Study warns 'drill baby drill' approach to North Sea would result in negligible savings for households

Analysis from Oxford Smith School suggests energy bills can be reduced far more by transitioning to a renewable power system than by maximising North Sea fossil fuel production

James Murray
clock 16 March 2026 • 4 min read