2012 marks the fifth anniversary of the ClimateWise initiative. Since its establishment members have made significant progress towards understanding and responding to the risks and opportunities posed by climate change. The group continues to play a clear leadership role for the wider insurance industry.
The fifth Annual Review, independently conducted by PwC, shows that in 2011/12 members achieved record compliance of 92% with the core ClimateWise Principles. Of particular note were advances in research and data for modelling risk, increased engagement with policymakers, and the development of new products and services.