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, as part of the Centre for Sustainable Finance, is uniquely placed to bring together the insurance industry and related organisations with world class academic expertise and global sustainability leaders to collectively and innovatively tackle climate change. |
Decisions and positions of the group do not represent the policies or positions of CISL or of the wider University of Cambridge.
Areas of focus
Disclosure
ClimateWise members are required to annually disclose their firm’s response to climate change through the ClimateWise Principles framework. Member reports are independently assessed, scored and benchmarked as a means to track and incentivise progress year on year. A
collective public review is published each
year which serves to inform regulators and broader financial markets on the insurance industry’s response to climate change.
Research
ClimateWise undertakes impact-orientated, collaborative research to help insurers and the wider financial sector proactively
respond to the risks and opportunities
posed by climate change. Three core
themes focus on the industry’s leadership, regulation and climate-risk.
Convening
ClimateWise membership is open to all (re)insurers, brokers and other insurance industry service providers globally who are leaders, or aspire to play a leadership role, in supporting the insurance industry respond to the risks and opportunities of climate change.
The Insurance Advisory Council is comprised of C-suite executives from across ClimateWise’s membership base.
"ClimateWise is an important initiative, assisting the insurance industry in its important role to build societal resilience. Insurers have unique insights into the risks that the world is facing and the ClimateWise Principles provide guidance to share this knowledge more broadly; so informing public policy and supporting the identification, understanding and management of climate risk. Through decisive action, insurance companies can facilitate the transition a low-carbon economy that is resilient to a changing climate, while reducing the climate risk protection gap."
Anna Sweeney, Chair of the Sustainable Insurance Forum and Executive Director, Insurance, Bank of England
Meet the team
Sid Miller
Programme Director
Dr Nina Seega
Director,
Centre for Sustainable Finance
Natalie Thompson
Project Manager
Laura Deltenre
Senior Project Manager
Stephane Rad
Project Co-ordinator
Latest
4 April 2023
12 April 2023 – New roadmap from CISL’s ClimateWise charts a path for the insurance sector towards nature-positive underwriting and explores the industry’s role in supporting the transition of its clients towards a sustainable economy.
The ClimateWise Principles Independent Review for 2022
20 January 2023
23 January 2023 – The ClimateWise Principles Independent Review for 2022 sees scores continue to increase across the membership.
Why nature matters: Nature-related risks and opportunities for insurance underwriting
30 August 2022
5 September 2022 – The University of Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise has published a new report on Nature Insurance.
Modelling it all: Secondary Perils in a warming world
27 June 2022
29 June 2022 – The University of Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise has published a new white paper on secondary perils.
The coming deluge: Scenario analysis for underwriting in a changing climate
23 March 2022
28 March 2022 – ClimateWise members unpack the implications of scenario analysis for underwriting with UK flood example.
The ClimateWise Principles Independent Review for 2021
14 January 2022
20 January 2022 – The ClimateWise Principles Independent Review for 2021 sees scores continue to increase across the membership.
10 January 2022
13 January 2022 – The University of Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise leads paper on integrating climate-related risk assessment.
Insurance industry must align to Paris Agreement, starting now
8 December 2021
20 December 2021 - Bronwyn Clare, Senior Programme Manager for ClimateWise at CISL, argues that partnership between an insurer and their clients on net zero aligned underwriting is critical to a smooth net zero transition for both.
Insurers in Paris-aligned climate transition: Practical actions towards net zero underwriting
8 December 2021
13 December 2021 – The University of Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise initiative has published a new report on net zero underwriting commitment and the practical actions.
28 October 2021
November 2021 – The University of Cambridge Institute for Sustainability Leadership (CISL) launches a call to action at COP 26 finance day urging policymakers, financial regulators and industry to expand risk sharing systems at scale to tackle the Climate Emergency.
