Here is what insurers should be aiming to achieve ahead of the UN climate summit in November to support both their own and broader net zero emissions pledges.
Insurers have massive databases from simulation models and satellites when it comes to weather and climate. The problem is figuring out how to use them to their full potential.
Technology and weather science have evolved to help warn of approaching events, giving advanced notice to people to alter course and relocate to safety.
While we've all been talking about rising sea levels and coastal erosion for years, a recent video cut through all the theoretical considerations and made the issue real.
With two-thirds of consumers reporting they base buying decisions on brand values, an increased focus on sustainability presents a huge opportunity for insurers.
We often think about climate change in the long term. It's easy to forget that we already live with the consequences of unchecked climate change today.
Insurers can create a better narrative for investors if they, like Musk, play offense, not just defense, on moving toward net-zero emissions of greenhouse gases.