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insurance

Investment

Bank of England to scrutinise insurance firms' climate risk planning

UK insurers will be called upon next month by the Prudential Market Authority to stress test their business against a range of climate and transition risks

clock 22 March 2019 • 3 min read

Risk

Extreme weather cost global economy $215bn in 2018, AON estimates

Global cost of extreme weather last year higher than previous estimates, making 2017-18 costliest two-year period on record

clock 22 January 2019 • 3 min read

Climate change

'Severe and costly': 2018 clocks in $160bn worth of extreme weather damages

Annual natural disaster report from Munich Re rates 2018 as the fourth costliest year since 1980

clock 09 January 2019 • 2 min read

Risk

Crumbling coastlines: 520,000 coastal homes and business at risk of seaside flooding

With sea levels rising, Committee on Climate Change urges major overhaul of government's management of coastal flooding and erosion

clock 25 October 2018 • 5 min read

Risk

Green investor surge: 400 global asset managers pledge to step up climate efforts

Investors with $32tr in assets under management back new Investor Agenda to step low carbon funding and climate risk transparency efforts

clock 12 September 2018 • 5 min read

Risk

Munich Re moves away from coal as UK insurers face climate risk complaints

ClientEarth claims Admiral, Lancashire Holdings, and Phoenix Group Holdings have legal obligation to disclose climate risks in annual reports but have failed to do so

clock 06 August 2018 • 3 min read

Risk

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

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

clock 17 July 2018 • 5 min read

Technology

SIMEC boss: Government-backed financing solution is needed for CCS

EXCLUSIVE: Technology is ready for carbon capture and storage, says Jay Hambro, but lack of insurance solution is holding back its deployment

clock 07 June 2018 • 4 min read

Investment

Stress test: Californian insurance industry heavily overexposed to coal risk

Industry-wide analysis reveals insurance sector has exposure to coal consistent with trajectory for six degrees of warming

clock 09 May 2018 • 3 min read

Investment

Allianz to stop insuring coal power plants and mines

European insurance giant says it will pull its business out of coal sector completely by 2040 as part of 'ambitious climate protection package'

clock 04 May 2018 • 2 min read
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