Chapter Zero France together with Chapter Zero Switzerland are hosting a panel at the Climate Governance Initiative (CGI) Global summit on the power of insurance underwriting in climate transition.
12th October
From 1PM to 2PM
Link to subscribe: https://lnkd.in/gipuyfAr
Insurance companies both through their financing activity, such as banks, and that of insurers have an impact on Climate transition and a driving role with their customers. The choice of the type of projects financed and the evolution of the insurance premium according to the climate transition strategy implemented are powerful tools and illustrate their power of insurance underwriting in climate transition.
In this context, it is important for administrators to understand:
· How do insurers apprehend climate risk and how do they define projects promoting this transition?
· At what pace do they plan to implement it and are there any constraints linked to their own business model that will speed up or slow down this transition?
· What will be the cost of this transition for the insurer and by whom will it be borne?
· While the control of the claim/premium ratio is fundamental for the insurer, can they help companies to adapt to climate risk and allow a lower increase in premiums and control of the financial burden for their customers?
The knowledge by directors of the climate risk profile of their companies is fundamental and the analysis and measurement of the positive contribution of the companies could be a way to manage the cost of this transition more effectively.
This session is part of the Climate Governance Institute Global Summit.
Speakers
· Monica Maechler – Zurich Insurance Group Ltd., Zurich
Insurance Company Ltd. and of Cembra Money Bank AG, Member
of the Board of Directors
· Antoine Denoix– AXA Climate, CEO
· Francesca Tondi Guy – UniCreditgroup
Moderator
· Virginie Banet – Iolite Financial Consulting, advisor
