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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. …

Cut emissions today to insure tomorrow, warns report as 2024 marks the first year to cross red line of 1.5°C global heating  Insure Our Future’s eighth annual scorecard report Within Our Power reveals that climate change accounts for an estimated $600 billion, or over a third, of global insured weather losses over the last two …

Insure Our Future’s eighth annual scorecard report Within Our Power reveals that climate change accounts for an estimated $600 billion, or over a third, of global insured weather losses over the last two decades — an immense climate price tag that insurers have long been passing on to policyholders. With voluntary corporate actions falling far …

The insurance crisis: an illness caused by rising climate risks The insurance industry is facing a growing crisis that threatens our society and the global economy. We have temporarily breached 1.5℃ leaving individuals increasingly vulnerable. The numbers are stark: Carbon Brief compiled every published study on the influence of climate change on extreme weather and …

In response to the European Insurance and Occupational Pensions Authority (EIOPA) recommendation of a “dedicated prudential treatment for insurers’ fossil fuel assets to cushion against transition risks” Minyoung Shin, Global Coordinator for Insure Our Future, said: ###

Poland is the country most dependent in the European Union on dirty and polluting coal, and is the only EU country that is still planning a massive expansion of its coal sector. If built, the pollution from these plants will lead to the premature death of thousands of people and make it impossible to reach …

NGOs supporting the Insure Our Future Campaign have called on insurers in a letter to take a stand against coal expansion and refuse to insure a new 660MW coal power plant in the Czech Republic. The Czech state-owned power utility was tendering the insurance contract for its Ledvice III lignite-fired power unit with a deadline …