HOW INSURANCE CAN SHAPE THE PATH OF NET ZERO
Source: Insurance Business UK - September 2021.
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“Since insurance is entwined in every level of economic activity, our industry will be at the forefront of that response. And, more specifically, insurance brokers will be pivotal in helping the world achieve its net zero ambitions by 2050.
We (LIIBA) work with clients from the point where they begin to assess the risks faced by their business. More and more these risks will be climate related – and already insurance brokers lead the field in the ability to model that threat. We will then work with clients on ways to best mitigate these risks. That will involve building resilience and sustainability into operations and, only once that has been deployed as a solution, looking to insure the remaining risks – through policies that themselves – in negotiation between broker and underwriter – will need to become more climate aware."