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 way, however gaps in climate policies for all the insurers will have detrimental climate consequences. This includes support for the Calcasieu Pass liquid gas terminal in the USA, which is insured by Swiss Re, Zurich, Helvetia, Allianz and AXA.
Findings show that liquefied natural gas from the USA is more harmful to the climate than coal, all whilst new gas terminals lead to severe local air and water pollution, as well as the destruction of traditional fishing grounds.
At the same time, increasing storm losses are threatening the business model of insurance companies.
Swiss insurance companies are contributing to global warming through their activities. By doing so, they are jeopardising not only our future, but also their own business model.
