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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


Navigating the Transition: Modelling the materiality of transition risk for infrastructure investment portfolios

The ClimateWise Insurance Advisory Council is launching an open-source framework to support investors and regulators assess how the transition to a low carbon economy will impact the financial performance of infrastructure investments. The framework and accompanying step-by-step guide align with the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) and inform practical actions – for asset managers, owners and regulators – on capturing emerging opportunities from the low carbon transition.

Navigating the Transition: Modelling the materiality of transition risk for infrastructure investment portfolios - Read More…

Helping insurers get on the front foot in managing climate change risks

4 May 2018 – The ClimateWise Principles set to become the go-to TCFD disclosure framework for insurance industry.

Helping insurers get on the front foot in managing climate change risks - Read More…

Resilient cities: A toolkit for insurers to identify the business case

November 2017 – This toolkit is designed to help insurers identify commercial opportunities, through the development of new products and services that can support cities in their response to natural catastrophes. The toolkit, which is split across two workshops, contains all the material a facilitator needs in order to hold internal conversations on the future role of their organisation in managing the protection gap.

Resilient cities: A toolkit for insurers to identify the business case - Read More…

2017 Set to Be Among the Most Expensive on Record After Year of Climate Disasters, Insurance Leaders Warn

21 November 2017 – A climate risk protection gap of US$1.7 trillion caused by extreme weather over the past decade opens up many new opportunities for insurers, says ClimateWise.

2017 Set to Be Among the Most Expensive on Record After Year of Climate Disasters, Insurance Leaders Warn - Read More…

Insurable Cities: The ClimateWise Principles Independent Review 2017

November 2017 – The ClimateWise Principles Independent Review 2017 of the six ClimateWise Principles finds a third year of improved scores for members of the insurance industry leadership group. On its 10th anniversary the report finds the industry has improved its investment activities but members should look to further integrate climate change related initiatives into their core business strategies and look to increase board-level oversight on climate change and sustainability.

Insurable Cities: The ClimateWise Principles Independent Review 2017 - Read More…