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Many insurance companies across Europe and North America just wrapped up their annual shareholder meetings. Insure Our Future network organisations recently attended to assess how insurers are approaching climate risk and fossil fuels, as the climate crisis intensifies and threatens to undermine the insurance industry itself. What they witnessed was a bleak picture of continued …

18 global insurers and 10 banks have excluded the Alaska LNG from their support – Environmental NGOs urged Tokio Marine to comply its policy at the annual general meeting – Japan Center for a Sustainable Environment and Society (JACSES) Friends of the Earth Japan Mekong Watch Rainforest Action Network (RAN) Oil Change International First published …

A new academic study by researchers at the University of Zurich and the Swiss Finance Institute provides the first systematic evidence on the effects of insurers’ carbon underwriting policies. The study finds that when major insurers wield their underwriting power to manage climate risks, this can have real consequences for the coal industry. Using data …

London, June 2 2025 – First published here – Reclaim Finance has published an open letter addressed to Patrick Tiernan, who begins his tenure as CEO of Lloyd’s of London on June 1st. The open letter calls on him to show real leadership on climate change in the face of spiralling climate risks, in particular by …

Insurers are not just takers of risk, they’re makers of risk. That’s the message I left the audience at a Financial Times industry panel event last week, joined by insurance leaders from Howden, Munich Re, and Risilience.  The panel sought to understand the impacts of the so-called insurability crisis, that is the withdrawal of major …

Within the insurance industry, there are multiple touchpoints with Indigenous Peoples. Insurance companies with policies that respect Indigenous Peoples’ right to self-determination and to free, prior and informed consent (FPIC) may find more opportunity to partner in an expanding marketplace. There is also a growing recognition among insurance providers of the risks associated with failing …

Seoul, April 29 2025 – Originally posted by Solutions For Our Climate here – Consumers Korea, with the help of Solutions for Our Climate (SFOC), is calling on regulators to examine the role of insurance companies in both worsening the climate crisis and denying compensation for its consequences. On April 29, Consumers Korea submitted a …

The Fairfax AGM was last week where our proposal asking the company to disclose its financed emissions was voted on. The company has now released the voting results, unfortunately not breaking out the numbers by shares controlled by the CEO vs. those voted by other shareholders, but we can calculate those numbers based on turnout. The result: a …

Zurich, 31 March 2025 – Why are all his peers remaining silent? Managing the risks of natural disasters, insurers are well aware of the fundamental risks which climate change poses to the global financial system and society. Munich Re first predicted growing climate risks in 1973, and the then CEO of AXA famously warned in …

Zurich, 27 March 2025 – New report from Campax reveals none of Switzerland’s eight largest property and liability insurers have climate policies that are compatible with the goals of the Paris Agreement. This in-depth look at the Swiss insurance landscape suggests smaller regional companies tend to perform less well than international heavyweights. Generali leads the …

Prague, 11 March 2025 – As the impacts of climate crisis intensify, the role of the insurance business in either mitigating or deepening the crisis cannot be ignored. A new report The Insurance Gap in the Age of Climate Crisis: Ranking the Major Insurers in Central and Eastern Europe by the Czech NGO Re-set focuses …

January 15, 2025 Joint statement:  SOMPO becomes Japan’s first non-life insurer to adopt a policy respecting indigenous peoples’ rights including FPIC. We urge Tokio Marine and MS&AD to follow SOMPO! Japan Center for a Sustainable Environment and Society (JACSES) Friends of the Earth Japan Mekong Watch Rainforest Action Network On January 10, SOMPO Holdings, Inc. …

December 12, 2020 – On the fifth anniversary of the Paris Agreement, Thomas Buberl, the CEO of the AXA Group, proposed the creation of a Net-Zero Underwriting Alliance (NZUA). The Insure Our Future campaign welcomed the proposal as a sign that insurers are increasingly accepting responsibility for the emissions of the projects they are underwriting. …

The 2020 Scorecard finds that Insurers’ continued retreat from coal is making it harder and more expensive to secure insurance for coal projects. Although momentum is growing, it falls short of what is needed to drive action to meet international climate targets. Major companies in the U.S., the Lloyd’s market and East Asia are still …

Laggards in U.S., Asia and Lloyd’s Market slow global progress Insurers’ continued retreat from coal is making it harder and more expensive to secure insurance for coal projects, the Insure Our Future campaign revealed in its fourth annual scorecard on insurers’ climate policies. Although momentum is growing, it falls short of what is needed to …

46% of reinsurance market and 37% of industry’s global assets covered by coal exit policies The number of insurers withdrawing cover for coal has more than doubled in 2019 as the industry’s retreat from the sector accelerates and spreads beyond Europe, the Insure Our Future campaign reveals today in its third annual scorecard on insurance, …

46% of reinsurance market and 37% of industry’s global assets covered by coal exit policies. The number of insurers withdrawing cover for coal has more than doubled in 2019 as the industry’s retreat from the sector accelerates and spreads beyond Europe, the Unfriend Coal campaign reveals today in its third annual scorecard on insurance, coal …

Insure Our Future campaigners made coal one of the dominant issues at the recent annual general meetings of insurance companies. Here is a brief summary of new policy announcements from the current AGM season: France AXA has committed to apply its 2017 divestment policy to all third-party assets managed by AXA IM by the end …

Fifteen NGOs supporting the Insure Our Future campaign warn insurance CEOs of increasing public pressure on companies that do not end their support for coal, extending scrutiny to Asian and North American companies. Dear Madam/Sir, Since 2017, the organizations engaged in the Insure Our Future campaign have called on the insurance industry to stop underwriting …

Australia’s insurance giant QBE has become the first insurer outside Europe to adopt coal restrictions, in a move that will add to the pressure on Japanese, Chinese and Korean coal insurers to follow suit. According to its new energy policy, QBE will stop providing new direct insurance services for thermal coal mines, power plants and transport …

Campaigners call on laggards to back UN climate targets and refuse support for disastrous project Ten of the world’s foremost insurance companies will not provide support to develop the controversial Carmichael coal mine in Australia, following the lead set by many global financial institutions, the Insure Our Future campaign revealed today. Companies that have explicitly refused …

Organizations with 76 million members warn project would have disastrous impact on climate change 73 organizations, representing a combined membership of more than 76 million people, are sending an open letter to 30 global insurance companies today, calling on them to publicly rule out any insurance services for Adani Group’s Carmichael coal mine and associated …

Insurance companies are taking unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from $6 trillion of investments, reveals the Insure Our Future campaign’s second annual scorecard on the industry. Momentum is growing as four of the world’s biggest insurers have announced new restrictions on coal …

Unprecedented insurance action puts coal under pressure Insurers are coming under growing political, regulatory and public pressure to support a rapid worldwide phase-out of coal. In the last year, insurance companies have taken unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from more than $6 …