Net-Zero Insurance Alliance
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Insurance industry ambitions to forge a global alliance to ensure it makes an effective contribution to the drive to achieve Net Zero carbon emissions have crumbled in the face of threats from US lawmakers.
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In Partnership With AXA XLInsurers need to go beyond traditional ESG concerns like climate change and consider other macrosocial and environmental challenges such as global supply chain crises and geopolitical conflicts to act on their ESG-related risks and responsibilities.
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Climate change has long been on the risk register of (re)insurers across the globe.
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Low interest rates and market volatility have pushed insurance asset managers into less familiar territory during the pandemic. Though appetite for alternative asset classes and responsible investing seems here to stay.
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The industry must move together on climate change and achieving net zero emissions, said Michel Blanc, SCOR’s CEO of Reinsurance.
