Home Breadcrumb caret Partner Content Breadcrumb caret Announcements Breadcrumb caret Events Insurance Institute of Ontario- At the Forefront with Urs Uhlmann Climate Change: Insuring a Net Zero Future Commercial insurers play a critical role in enabling the transition of society and the wider economy towards a low carbon future Severe weather events in Canada caused insured losses of $2.1 billion in 2021, making 2021 the sixth costliest since 1983. The impact of climate change is undeniable […] July 20, 2022 | Last updated on September 10, 2024 1 min read Climate Change: Insuring a Net Zero Future Commercial insurers play a critical role in enabling the transition of society and the wider economy towards a low carbon future Severe weather events in Canada caused insured losses of $2.1 billion in 2021, making 2021 the sixth costliest since 1983. The impact of climate change is undeniable – the societal challenge is how do organizations, including insurers, transition to a low carbon future? Many commercial insurers are undergoing a cultural transformation across their underwriting business, embedding climate considerations in their strategic approach and appetite decision-making. They are also committing risk management expertise and guidance to assist customers as they seek to reduce emissions and evolve their business practices to minimize their environmental impact. This session will explore, from a commercial insurance perspective: The role commercial insurers play towards net zero commitments How climate change is affecting underwriting, and what the industry can do to contribute towards a low carbon transition What Net-zero underwriting means for customers and brokers How the industry can support customers and brokers on their transition to a low-carbon future Presenter: Urs Uhlmann Managing Director – Global Corporate & Specialty (GCS) Aviva Canada Inc.
