It’s Raining Claims: Climate Change, Extreme Weather and the Insurance Sector
Behind 2014 and 2012, 2017 was the third-warmest year recorded since 1894. The trend of global warming has coincided with a torrent of weather-related disasters, and 2017 was no exception. Across the planet, droughts, floods, raging forest fires, and hurricanes...
Global Insurers Must Adapt to a Changing Climate to Survive
Climate catastrophe losses have been a feature of the insurance industry for years – the Hiscox results this week were a timely reminder that these events have real implications for earnings, profits and business strategy. Climate events made sure 2017 was an...
We Need a ‘High Ambition Coalition’ Within the Institutional Investment Sector
Christiana Figueres, the former Executive Secretary of the UN Framework Convention on Climate Change, is fond of reminding investors that global carbon emissions must peak in 2020 and bend steadily downwards thereafter. It’s a daunting proposition but the investment...
Norway’s Divestment of Oil and Gas: A Nordic Utopia or Just Economic Sense?
We review the logic behind Norway’s central bank’s proposal to reduce the exposure of the Government Pension Fund Global (GPFG) to quoted oil and gas equities.
