Why nature matters: Nature-related risks and opportunities for insurance underwriting
Detalles
| This report seeks to raise awareness of the relevance of nature-related risks and opportunities for insurers to explore how the insurance industry can appropriately take nature into account in decision-making processes. A recent survey of insurance industry representatives reveals that half of respondents believe that nature-related risks are important to their underwriting business. Despite this perceived materiality, and according to the findings of a recent NGFS-INSPIRE report, the majority of insurance and reinsurance industry participants do not currently assess nature-related risks in underwriting due to a lack of awareness and understanding of nature-related risks. This paper summarises key concepts and introduces a framework for identifying and assessing nature-related risks in the insurance and reinsurance industry. It also discusses four different approaches insurers can take to reduce the impact on nature or contribute to its protection and restoration. |
Recursos relacionados
Climate change & human-wildlife conflict
The findings of this report highlight the interconnectedness between human and wildlife responses to climate stressors based on data from…
A Capitals Approach for Food System Transformation
The Economics of Ecosystems and Biodiversity for Food and Agriculture (TEEBAgriFood) initiative recognises that the transformation of our food system…