From Risk to Opportunity

Climate change will have adverse impacts on insurance affordability and availability, potentially slowing the growth of the industry and shifting more of the burden to governments and individuals and slowing the growth of the industry itself. But while climate change poses potential threats to the insurance industry, it also offers enormous opportunities for innovation. Just as insurers had a constructive role in founding the first fire departments, building codes, and vehicle safety testing, insurers have an opportunity to develop creative loss-prevention solutions and products to minimize the effects of climate change.

This website and the associated reports document 422 examples from 190 insurance companies, brokers, and organizations in 26 countries. To submit updates, corrections, or new examples, send email here.

• Reports
  • 2007 [summary]
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• Case Study Summary Table
• Corporate Social Responsibility Reports
• Sponsors and Acknowledgments
  
  
• Dedications

ADVANCING CLIMATE INSURANCE SOLUTIONS: A Directory of Examples

Introduction

Overview of Advancing Climate Insurance Solutions

Understanding The Climate Change Problem

• Analyzing Loss Trends and Assessing Vulnerabilities
• Integrating Climate Change into Traditional Catastrophe Modeling

Promoting Loss Prevention

• Traditional Risk Management
• Improving Land-Use Planning
• Integrating Energy Management & Risk Management
• Better Management of Forestry, Agriculture, and Wetlands
• “Rebuilding Right” Following Losses
• Technology Development

Aligning Terms and Conditions with Risk-Reducing Behavior

• Pay-As-You-Drive Insurance
• Assigning Directors & Officers Liability
• Recognizing and Rewarding Correlations Between Sustainable Practices and a Low Risk Profile

Crafting Innovative Insurance Products

• New Insurance Products for Energy Service Providers
• Energy-Savings Insurance
• Renewable Energy Project Insurance
• Green-Buildings Insurance
• Insurance for the Developing World

Offering Carbon Risk-Management and Carbon-Reduction Services

• Climate Risk Management Services
• Carbon Trading
• Managing Risk for Clean Development Mechanism (CDM) and Carbon-Offset Projects
• Enabling Customers to Purchase Carbon Offsets

Financing Climate-friendly Customer-side Improvements

• Preferential Lending Terms
• Targeted Lending

Investment in Climate Change Solutions

• Sustainable Asset Management
• Green Buildings Development

Building Awareness and Participating in the Formulation of Public Policy

• Information and Education
• Participating in the Formulation of Public Policy
• Endorsing Voluntary Energy-Saving Policies
• Promoting Energy-Efficiency Codes and Standards

Leading by Example

• In-House Energy/Carbon Management
• Sustainable Operations

Carbon-Risk Disclosure

• Disclosure To Regulatory Agencies: The U.S. Securities and Exchange Commission
• Disclosure To Investors: The Carbon Disclosure Project