skip to content

Cambridge Institute for Sustainability Leadership

ClimateWise

 


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 (link). Member reports are independently assessed, scored and benchmarked as a means to track and incentivise progress year on year. A collective public review (link) 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


Dr Bronwyn Claire

Dr Bronwyn Claire

Senior Programme Manager

Rachel Austin

Rachel Austin

Project Manager

Meng Lian Li

Meng-Lian (Lily) Li

Project Manager

Thom Marx

Thom Marx

Project Co-ordinator

 

Latest

A call for a systemic, positive and collective response to climate risk by the insurance industry

28 July 2015

A call for a systemic, positive and collective response to climate risk by the insurance industry Maurice Tulloch, Chair of ClimateWise and Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK & Ireland General Insurance 28 July 2015 Last week, Aviva announced its five...

ClimateWise blog

21 July 2015

Climate Change: A Risk Assessment

20 July 2015

14 July 2015 – Launch of a new report, commissioned by the UK Foreign and Commonwealth office, into the role of governments in the fight against climate change.

Rethinking insurance for sustainable development

16 July 2015

Rethinking insurance for sustainable development Tom Herbstein, Programme Manager, ClimateWise 20 July 2015 In a recent Cambridge Institute for Sustainability Leadership (CISL) report on insurance , Fellow Dr Ana Gonzalez Pelaez called for access to insurance within emerging markets to be accounted...

Axa Plenary Session: Climate Change and Extreme Weather Risk

14 July 2015

1 July 2015 – As part of their support of the UN COP21 Climate Change Conference in December, AXA hosted an ‘AXA Futures’ plenary seminar showcasing some of the latest research work and thinking from leading academics researching extreme weather and climate change.

Angel Gurria, OECD Secretary-General speaks on 'Climate: What’s changed, what hasn’t and what we can do about it'

7 July 2015

3 July 2015 – Angel Gurria, the OECD’s Secretary-General delivered an important speech at an event hosted by Aviva Investors, in association with ClimateWise.

AXA’s divestment announcement: a game changer?

5 June 2015

AXA’s divestment announcement: a game changer? Tom Herbstein, Senior Programme Manager, ClimateWise 5 June 2015 AXA, one of the world’s largest insurance companies, has made a bold commitment to divest €500 million from coal and increase its investments in clean energy by €3 billion by 2020. Given...

Has enough attention been paid to collective financial exposure to climate risk?

19 March 2015

20 March 2015 – The University of Cambridge Institute for Sustainability Leadership and ClimateWise are facilitating a series of roundtables during 2015, bringing together key insurance leaders, experts and academics with the Bank of England Prudential Regulatory Authority.

Setting a benchmark for the insurance industry’s contribution to a resilient low carbon economy

16 December 2014

15 December 2014 – Following the UN Climate Change negotiations in Lima last week, the contribution of all economic stakeholders, to addressing climate risk and encouraging strong national targets for action has never been more important. As Maurice Tulloch, the Chair of ClimateWise says, “Put the world on course for a strong climate change agreement in Paris 2015, or risk undermining our economies and making industry uninsurable.”

Maurice Tulloch appointed as new Chair of ClimateWise

24 November 2014

20 November 2014 – ClimateWise is delighted to announce that Maurice Tulloch (Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK & Ireland General Insurance) has become its new Chair.