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. |
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ClimateWise PrinciplesThe 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 ProgrammeThe 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 CouncilThe 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
Insurers continue to make steady progress in responding to climate change
23 November 2015 – The insurance industry is continuing to take steps to incorporate the risks of climate change across their business activities, an annual independent review of the insurance industry’s network ClimateWise reveals today. The 2015 review of the six ClimateWise Principles concludes that positive progress continues to be made in response to climate change, with average scores rising against 2014.
A climate of change: ClimateWise Principles Independent Review 2015
November 2015 – The 2015 independent annual review of the six ClimateWise Principles shows improved scores for members of the insurance industry leadership group. Progressive insurance companies are considering their exposure to climate risks while also developing their role as societies' risk managers.
AXA Futures panel debate on climate change: ‘Can Business Save the Planet?'
10 November 2015, Imperial College, London – The recent announcement that 1°C of global warming has already occurred, and sooner than predicted, is stark evidence that not enough is being done to tackle the issue of climate change. The AXA Futures panel debate sought to hear the expert opinions of leaders from business, government and NGOs to discuss whether business ‘Can Save the Planet’ – or perhaps not; not alone, in any case.
ClimateWise CEOs call for more climate action with open letter
1 October 2015 – ClimateWise members write open letter to the UK’s Prudential Regulation Authority.
