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ClimateWise

ClimateWise supports the insurance industry to better communicate disclose and respond to the risks and opportunities associated with the climate-risk protection gap. This is the growing divide between total economic and insured losses attributed to climate change.

Representing a growing global network of leading insurance industry organisations, ClimateWise helps to align its members’ expertise to directly support society as it responds to the risks and opportunities of climate change.

ClimateWise Principles

The Principles help members disclose their individual response to climate change. An annual assessment of each member and a collective public review of the ClimateWise community help inform regulators and the broader financial markets on how the insurance industry is responding to the challenges and opportunities they face.

Societal Resilience Programme

The Societal Resilience Programme convenes impact-orientated, collaborative research to help insurers proactively respond to the widening climate risk protection gap. Three core themes focus on the industry’s support for asset management, regulation, and resilient cities.

Insurance Advisory Council

The Insurance Advisory Council is comprised of C-suite executives from across ClimateWise’s membership base. It commissions high-impact research that helps regulators to fully understand the nature of climate risks impacting insurance and where insurers can support system-wide responses across the financial markets.

ClimateWise is convened by the University of Cambridge Institute for Sustainability Leadership (CISL), which also provides the Secretariat. Decisions and positions of the group do not represent the policies or positions of CISL or of the wider University of Cambridge.

Latest


Investors and lenders need better tools to manage climate risk to homes, mortgages and assets, finds new research

22 February 2019 – New open-source models from ClimateWise, a global insurance network, offer step-by-step guides to help the financial industry prepare for risks posed by climate change.

Investors and lenders need better tools to manage climate risk to homes, mortgages and assets, finds new research - Read More…

Physical risk framework: Understanding the impact of climate change on real estate lending and investment portfolios

22 February 2019 – The ClimateWise Physical Risk Framework demonstrates how the expertise and tools of the insurance industry can support other parts of the financial system to understand their physical risk exposure.

Physical risk framework: Understanding the impact of climate change on real estate lending and investment portfolios - Read More…

Transition risk framework: Managing the impacts of the low carbon transition on infrastructure investments

22 February 2019 – The ClimateWise Transition Risk Framework provides an open-source, step-by-step methodology on how to manage the risks and capture emerging opportunities from the low carbon transition.

Transition risk framework: Managing the impacts of the low carbon transition on infrastructure investments - Read More…

Helping insurers gear up for regulation on climate related financial risk: ClimateWise Principles now aligned with TCFD recommendations

17 December 2018 – The ClimateWise Principles, which aim to help insurers disclose their response to climate change, have now been revised to align fully with the recommendations set out by the Taskforce for Climate-related Financial Disclosures (TCFD).

Helping insurers gear up for regulation on climate related financial risk: ClimateWise Principles now aligned with TCFD recommendations - Read More…

Gearing up for regulation: The ClimateWise Principles Independent Review 2018

December 2018 – The ClimateWise Principles Independent Review 2018 finds the largest year-on-year improvement in group mean score against the Principles since 2014, and confirms the full alignment of the updated ClimateWise Principles with TCFD recommendations.

Gearing up for regulation: The ClimateWise Principles Independent Review 2018 - Read More…