From Risk to Opportunity: Insurer Responses to Climate Change

Speaker(s): 
Date: 
March 20, 2008 - 12:00pm
Location: 
90-3122

The insurance industry must start actively adapting in response to greenhouse gas trends if it is to survive.  Lloyds' of London Insurance is the world's largest industry -generating about $4 trillion per year in premium revenue, plus another trillion or so in investment income. As a highly weather-sensitive sector of the economy, insurance companies are experiencing emerging climate risks, coupled with rising pressures to respond from their regulators, shareholders, and customers. With core competencies in risk management and finance, the industry is uniquely positioned to further the understanding of climate change and craft solutions to reduce emissions and mitigate unavoidable impacts. This seminar reviews the nature of insurers' vulnerability to climate change, as well as the hundreds of initiatives they are already mounting.  The latter broadly includes engagement in climate science, promoting adaptation, offering a host of new "green" products and services, investing in emerging technologies, and reducing their own carbon footprints.   Background material is posted at http://insurance.lbl.gov.

Add event to Google Calendar

Announcement List

For notification about future seminars, contact J.M. Lambert.

Site Access

Schedule subject to change without notice. If you are coming from off-site, please call first to verify. UC staff and guests are welcome. LBNL shuttle buses stop every few minutes at marked sidewalk locations along Bancroft and Hearst Avenues and Rockridge.