Hans Willert

As insurers current claims management model is not sustainable, it is imperative to increase investments in the energy transition to guarantee the very survival of the insurance model writes Guillaume Abel, deputy CEO at Mirova, for Environmental Finance. #transition #insurance #climatecrisis

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How can insurers help industries drive the climate technologies needed to decarbonize? 🌏 Join us tomorrow for the event "Climate Tech Conference 2024" hosted by The Geneva Association. Our experts from Allianz Risk Consulting and Natural Resources Underwriting will contribute to the following sessions:   🌱 "Boosting the Insurability of Climate Tech" from 10:45-12:00 CEST 🌱 "Complex green hydrogen projects from an insurance perspective" from 13:30-14:45 CEST   👉 Virtual registration is still open: https://lnkd.in/dHDFdXxD https://lnkd.in/dHDFdXxD   But wait, there's more! 👉 Dive deeper into the intersection of climate tech and insurance with insightful reports available to download here: https://lnkd.in/dXzvX9VZ We were pleased to contribute to the Geneva Association's two-part research series on how insurers can facilitate the commercialization of climate tech.   Don't miss out on these valuable discussions and resources!   with Stefan Thumm, Harald Dimpflmaier, Max Benz   #sustainability #greenhydrogen #hydrogen #riskconsulting #decarbonization #riskmanagement #AllianzCommercial #ClimateTech #GenevaAssociation #GAClimateTech

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📰 The new issue number 40 of The European Actuary has been published by the Actuarial Association of Europe. Among many other exciting articles, it features a headline interview with Arthur Charpentier on actuarial ethics and the future of the profession. ▶️ Watch the interview with Arthur here on actuview: https://lnkd.in/e3vm4Vua #Actuaries #Europe #Ethics #Professionalism #TheEuropeanActuary

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#Mutual and #cooperative insurers across the globe are increasingly embedding #sustainability in their core #riskmanagement, #insurance and #investment strategies and operations. Accordingly, many mutual and cooperative insurers have committed to implement the United Nations Principles for Sustainable Insurance #PSI, the global sustainability framework for the insurance industry, and the largest collaborative initiative between the UN and the insurance industry. At the same time, #Europe has been leading in terms of legislation to advance sustainability in order to deliver positive economic, social and environmental impacts; encouraging innovative and transparent approaches while identifying and constructing standards to eliminate negative impacts such as greenwashing. This is why I’m looking forward to speaking at the 2024 Congress of the Association of Mutual Insurers & Insurance Cooperatives in Europe #AMICE, “The Art of Mutuality”, which will be held on 3-4 June 2024 in Bilbao, Spain. AMICE is the voice of the mutual and cooperative insurance sector in Europe, and the sector represents approximately one-third of all insurance business in Europe. I’ll be chairing the session, “Sustainability, Collaboration and Innovation: Unlocking Potential” involving Eeva Salmenpohja, Senior Vice President at #LocalTapiola Group (Finland), Jean-Pierre Grimaud, CEO of Ofi Invest (France), and Philipp Bäcker, Head of Sustainability at R+V Versicherung (Germany). Furthermore, I'll be delivering a plenary presentation on "The Role of Insurance in the Transition to a #NetZero Emissions Economy". Among others, I'll explain what the new United Nations-led and convened #multistakeholder “Forum for Insurance Transition to Net Zero” #FIT is all about and what its main aims and priorities are; and why #mutual and #cooperative insurers are key actors in supporting the net-zero transition. The 2024 #AMICECongress will be hosted by Seguros Lagun Aro, which is part of MONDRAGON Corporation, one of the most important cooperative groups in the world, operating in four sectors of activity: industry, distribution, knowledge and finance. Sincere thanks to AMICE Mutuals and its Secretary-General, Sarah Goddard, for the kind invitation. Learn more about the AMICE Congress here: https://amicecongress.eu/ United Nations Environment Programme Finance Initiative (UNEP FI) #SustainableInsurance #NetZeroInsurance #NaturePositiveInsurance

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Finance Watch’s latest report, “Transition Planning for Insurers,” outlines how strategic transition planning can make insurers pivot from being part of the problem to becoming part of the solution. https://lnkd.in/gaisKV9t

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#ClimateCrisis: Insurers warn #ClimateChange means an unhealthy prognosis for cover Effects will increase illness and force the industry to adapt, executives The Geneva Association, Insurance Europe etc say "The effects of climate change in making extreme weather more severe and frequent is increasingly seen as a significant threat to the insurance sector, through widespread damage to property. But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess deaths, and forcing more people into ill-health. First, there is the impact on mortality from record-breaking temperatures: Europe’s 2022 heatwave caused more than 60,000 deaths, according to research published in the journal Nature Medicine. The human toll of wildfires, floods and other natural catastrophes exacerbated by climate change is gaining more attention, but experts also highlight the large numbers who will be left sicker by a warmer and more volatile natural world. “Wildfires don’t just kill people,” says Adrita Bhattacharya-Craven, director for health and demography at the Geneva Association, a global group representing insurance sector CEOs. “We are seeing cardiovascular diseases, we are seeing respiratory illnesses and, in some cases, mental health problems, when people lose everything.” (...)" Financial Times #ClimateAdaptation #Insurance https://lnkd.in/e3BRHSfH

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🌍 CNP Assurances supports the launch of the first global guide on transition plans for insurers at COP29 This month at COP29 Azerbaijan, the United Nations Forum for Insurance Transition to Net Zero (FIT) unveiled a landmark guide to help insurers integrate transition planning into their strategies. As a founding participant in the FIT, CNP Assurances reaffirms its commitment to fostering market practices that advance a just transition towards an inclusive and sustainable society. This guide highlights the critical role we, insurers, play as risk managers, risk carriers, and investors in achieving a #NetZero future, addressing interconnected challenges such as #ClimateChange, biodiversity protection, and pollution prevention. For more information 👉 https://lnkd.in/gvdpExXe 

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Why is #transitionplanning and the disclosure of #transitionplans important to achieve a #justtransition to a #resilient #netzero economy? What are the purposes of a transition plan, and who are users and key stakeholders? What does a credible transition plan for an insurer look like? Can transition plans serve as a useful instrument for insurance regulators and supervisors to address prudential issues related to transition risks? I look forward to speaking at the Association of British Insurers #ABI Climate Change Summit 2024 “Strengthening the Industry’s Climate Capabilities” on 9 July. I will be speaking at the plenary panel on credible transition plans. The ABI is the voice of the UK’s world-leading insurance and long-term savings industry. The UK is the largest insurance market in Europe and the third largest in the world. Learn more about the ABI Climate Change Summit here: https://lnkd.in/dhikHrWm It is also worthwhile to note that leading insurers based in the UK are founding participants of the United Nations-led and convened, multistakeholder Forum for Insurance Transition to Net Zero #FIT, including Aviva, Beazley, and The Fidelis Partnership. Furthermore, the Bank of England’s Prudential Regulation Authority #PRA is a founding member of the FIT’s Consultative Group of Insurance Regulators & Supervisors; and the University of Exeter a founding member of the FIT’s Consultative Group on Science, Research & Civil Society. Thank you to the ABI team for organising this important summit and plenary panel: Charlotte Clark, Rebecca Lea, Rebecca Deegan, Lauren Hankinson, Jana Griffiths United Nations Environment Programme Finance Initiative (UNEP FI) #SustainableInsurance #NetZeroInsurance #NaturePositiveInsurance

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What data do we have about how climate change will affect the life and health of people and what can actuaries and insurers learn from this data? Join the conversation with Irene Merk from SCOR on emerging risks connected to climate and sustainability in this interview of the International Actuarial Association's Life Section exclusively produced for actuview: https://lnkd.in/efqYYfbg #climatechange #lifeinsurance #healthinsurance #heat #infectiousdiseases #mentalhealth #data #actuaries #sustainability

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Our latest Climate Reporting Comparative Table provides an overview of the overlaps and differences among several important climate reporting directives https://ow.ly/391R30sHU3v #RiskManagement #ClimateReporting #ClimateRisk #ClimateDisclosure #WTWPerspective

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🔎 From Ancient Tables to Advanced Models: The Evolution of Actuarial Science The story of actuarial science is one of innovation, resilience, and adaptability. From its early foundations in life tables to its modern applications in tackling climate change, cyber risks, and beyond, this field has always been about understanding and managing uncertainty. Discover how the actuarial profession has grown alongside society's needs, harnessing technology and data to address ever-evolving challenges. Explore its rich history and the exciting future it holds. 📖 Read our latest blog to learn more about the history and progression of this fascinating profession: https://lnkd.in/esKE5acc 🌍 What do you think the future holds for actuarial science? Share your thoughts below! #ActuarialScience #Innovation #RiskManagement #ProfessionalGrowth

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🚨 AXA 2023 Future Risks Report: This 10th edition reveals significant shifts in global risk perceptions over the next 5-10 years. 🌍 Climate change takes the top spot for both experts and the general public across every region surveyed. With nearly 3,500 risk experts from 50 countries and 20,000 individuals surveyed globally, the message is clear: Everyone, everywhere, is concerned about the climate crisis. 💻 Cyber risks are close behind, returning to 2nd place, with one in eight experts ranking it as their top risk. 🌐 Geopolitical tensions remain a significant concern, ranking 3rd overall, although it continues to be a critical issue in Europe. 🤖 Artificial intelligence (AI) is rapidly rising in experts’ concerns, jumping to 4th place, though the general public is still catching up, placing it at 11th. These findings are a powerful reminder of the interconnected and evolving risks facing our world. How are you preparing your business and society for these challenges? Read more about AXA’s Future Risks Report here 👉 https://lnkd.in/dSM9B8AK #FutureRisks #AXA2021 #ClimateChange #CyberRisks #Geopolitics #AI #RiskManagement #Sustainability #BusinessResilience

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The Second Edition of PACICC's Global Failed Insurer Catalogue (GFIC) is now available. This 21-page study, co-authored by PACICC Chief Economist Grant Kelly and Research Associate Zhe (Judy) Peng, is a landmark research initiative. The updated report now records an astonishing 568 insurers that have failed in 57 different jurisdictions around the world – just since the year 2000. The full list of failed insurers can also be found on the PACICC website. Author Kelly warns that the updated study reveals that clusters of insurer failures often occur after a significant period of calm. “It is critical never to assume that, because an insurer has not recently failed in your home jurisdiction, it never will,” he warns. “Our research identified seven jurisdictions that had their periods of calm interrupted by 13 new failures…in just the past 12 months. It should serve to remind all stakeholders in the financial services sector of the risks of complacency.” We hope that you find this report both sobering and insightful. https://lnkd.in/eWhrat-B

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What is the role of #insurance in the transition to a #netzero emissions economy? What is the new United Nations-led and convened #multistakeholder “Forum for Insurance Transition to Net Zero” #FIT all about, and what are its main aims and priorities? Why are #mutual and #cooperative insurers key actors in supporting the net-zero transition? I look forward to delivering the plenary presentation on the role of insurance in supporting the net-zero transition at the 2024 Congress of the Association of Mutual Insurers & Insurance Cooperatives in Europe #AMICE, “The Art of Mutuality”, which will be held from 3-4 June 2024 in Bilbao, Spain. AMICE is the voice of the mutual and cooperative insurance sector in #Europe, and the sector represents approximately one-third of all insurance business in Europe. The 2024 #AMICECongress will be hosted by Seguros Lagun Aro, which is part of the MONDRAGON Corporation, one of the most important cooperative groups in the world, operating in four sectors of activity: industry, distribution, knowledge and finance. Sincere thanks to AMICE Mutuals and its Secretary-General, Sarah Goddard, for the kind invitation. Learn more about the AMICE Congress here: https://amicecongress.eu/ United Nations Environment Programme Finance Initiative (UNEP FI) #SustainableInsurance #NetZeroInsurance #NaturePositiveInsurance

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Global Federation of Insurance Associations (GFIA) warns IAIS - International Association of Insurance Supervisors against ‘disproportionate’ focus on #climate risks The #insurance industry is overtly aware of the impact climate change is having on its activities across the globe. Global Federation of Insurance Associations (GFIA) therefore welcomed the opportunity to respond to a consultation by the IAIS - International Association of Insurance Supervisors on the supervision of climate risks in the insurance sector. In its response, GFIA raises concern about the proposed changes to the Insurance Core Principles (ICP) guidance and the supervisory material. GFIA is especially concerned on what it considers an, ‘excessive focus on climate risk in corporate governance, remuneration and risk management’ in comparison to the wide range of other risks facing the industry. The disproportionate focus on climate risks, for example, could potentially overshadow other critical investment, operational, and underwriting risks that can prove to be more dominant solvency concerns. Read our consultation response: https://lnkd.in/gmiKn5sJ

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Did you know that the weakening resilience of supply chains is one of the key emerging risks ? In light of the release of the Swiss Re Institute 2024 SONAR report, Nicole Schepanek, Head Risk Data & Services Corporate Solutions, highlighted some of the key challenges corporates face in getting ahead of supply chain disruptions: 🚩Lack of transparency of the supply chain network and its risk exposure 🚩Dispersed and unstructured data 🚩Lack of credible risk insights How can we support organizations tackling these problems? Our supply chain management solution, as part of our Risk Data & Services offering, empowers customers to identify interdependencies, assess and explore supply chain exposure. The platform functions as a single, accessible and consistent source of truth across the organization. 👉Curious to learn more and see the platform in action ? Request a Demo today! https://ow.ly/3TEw50SmiZC

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#IBTV: What makes a 5-star claims proposition? Nora Deveau, deputy chief claims officer at Arch Insurance Group Inc., shares insights on IBTV about Arch's approach to claims, its unique differentiator, and the qualities they seek in top talent. https://hubs.la/Q02Z8Xhw0

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[#Article] Institut Louis Bachelier's Role in Advancing Insurance Industry Adaptation to Climate Change (Article disponible en français ⬇️) 🌍 Did you know that insurance leaders like AXA are warning us about a major risk: scenarios of increased temperatures by 3°C or more could lead to various activities and areas becoming #uninsurable? A crucial challenge for the future of our economy! 💡 Today, the insurance #database collected holds essential metrics, often complementary to those held by other financial institutions. A wealth of crucial information to anticipate climate risks and protect our assets. 📈 Insurers not only manage risks, but they also play a #KeyRole in mitigation by facilitating a multitude of economic activities. Discover the potential of their role to contribute to a more sustainable future here! ➡️https://lnkd.in/emEdURUj 🤝 The Institut Louis Bachelier (ILB) shares this conviction. For this reason, we joined the Forum for Insurance Transition to Net Zero (FIT) as a founding member of the Consultative Group on Science, Research & Civil Society (CGSRC). We believe this multistakeholder partnership has the potential to contribute to a safer and more sustainable future. Together, let's build a more resilient and sustainable world! ‌ To learn more about the role of insurance in combating climate change, explore solutions, and find out how ILB is mobilizing knowledge to build a more sustainable future, read the full article here➡️ https://lnkd.in/emEdURUj ******** [#Article] Le rôle de l'Institut Louis Bachelier dans la promotion de l'adaptation de l'industrie de l'assurance au changement climatique 🌍 Saviez-vous que des leaders de l'assurance comme AXA nous mettent en garde contre un risque majeur : des scénarios d'augmentation des températures de 3°C ou plus pourraient rendre diverses activités et zones non assurables ? Un défi crucial pour l'avenir de notre économie ! 💡 Aujourd'hui, la base de données de l'#assurance collectée détient des métriques essentielles, souvent complémentaires à celles détenues par d'autres institutions financières. Une mine d'informations cruciales pour anticiper les risques climatiques et protéger nos actifs. 📈 Les assureurs ne gèrent pas seulement les #risques, mais ils jouent également un #rôleClé dans l'atténuation en facilitant une multitude d'activités économiques. Découvrez le potentiel de leur rôle à contribuer à un avenir plus #durable ici ! ➡️ https://lnkd.in/drCX-PbN #Climate #Sustainability #Resilience #Engagement #GlobalWarming #TransitionToNetZero #AdvancingInsurance #ILBLabs #ESGLab _________ João Paulo Sertã, Gabriel Plantier, Stéphane VOISIN, Louis Boulanger

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