“Most of the insurers focus on historical data, which is a big problem if you want to create a more forward-looking perspective on the impact of climate change.”
Adlen Bouchenafa, Head of Sustainability at TNPClimate change is no longer a distant threat; it is here and now, with far-reaching implications for industries across the board. One sector that finds itself at the epicenter of this transformation is the (re)insurance and asset management industry where firms are pushed to adjust their portfolios, risk models and underwriting practices to reflect the increased frequency and severity of climate and nature-related risks. At the same time, regulators, investors and customers are becoming more aware of the risks associated with climate change and are demanding more climate-related coverage and action. Furthermore, the leading insurance companies and asset managers are shifting towards sustainable investments to reduce their exposure to climate risk and align with global climate and decarbonization goals.
