Claims

The UN Climate Change Conference – a wake-up call for insurers

Preparations for the the next UN Climate Change Conference (COP26) in Glasgow later this year are in full motion. The trend has been that investment portfolio managers are expected to not only report on the carbon footprint of their assets, but also set clear emission reduction targets. Similarly, the next trend could be that we see a surge for insurers to report on the emissions associated with the claims that are being handled and paid, and that relevant actions will be defined and followed-up on.

Why we started Claims Carbon Institute

Besides being “the right thing to do”, we believe that having a laser sharp focus on GHG emissions across the entire value chain makes perfect business sense for insurance companies. The early adopters will be in a unique position to meet the needs of stakeholders and attract new customers through public disclosure of GHG emissions, progress toward GHG targets, and demonstration of environmental stewardship. Our mission is to help the insurance industry decarbonize insurance.