As nations convene in Glasgow for COP26, we assess the progress of the insurance sector as the market adapts its approach to one of the biggest risks facing us all – climate change.
Insurance has for decades been one of the key means for firms to manage and transfer risk. Recent developments in the sector seek to:
- encourage transition to new fuels, materials and methods to reduce climate change and its effects
- promote consideration of climate change in the underwriting process, and
- provide better solutions for managing climate change risks
These changes are likely to affect corporates in many areas of their businesses, with an impact far beyond stakeholders in the insurance sector.
Click here to read our analysis on our dedicated COP26 hub.