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Sustainable Insurer Home | Sustainable Insurer Skip to main content Sustainable Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Data Hub Sign in Subscribe Digital Editions Climate Hub Interview About Us Partners Subscribe More BoE flags 'genuine tension' if insurers cut cover over climate risks Climate litigation round-up: cases to watch Nuclear fusion: the new energy frontier? KWh Analytics expands Aspen deal, lifts renewable project insurance to $100 million Koko Networks insolvency highlights rationale for insurers’ pre-authorisation exclusions February 11, 2026 The collapse of cookstove project developer Koko Networks earlier this month underlines why private insurance includes pre-authorisation exclusions, market participants have said, as well as highlighting the human stakes when carbon finance mechanisms break down. GaiaSicura aiming to elevate nature beyond ‘side of desk projects’, says CEO Butler February 11, 2026 The launch of nature regeneration-focused brokerage GaiaSicura was driven by a need to funnel the insurance demands of nature projects and promote market standardisation, founder and CEO William Butler told Sustainable Insurer. Sustainable Insurer 2026 outlook: delivery, flexibility, competition February 11, 2026 Sustainable Insurer caught up with several market participants to hear how they will be approaching climate, transition, adaptation and nature in the year ahead. Latest Articles ClimateWise: Insurers show 'culture of improvement' toward climate risk management ARC to 'draw lessons' after Ghana payout takes seven months to reach drought victims CCS leaders confident that insurers can address technical, contractual issues: Marsh Risk Axa XL, Enosis Capital seal 'debt-for-nature' tie up Scor and Axa partner to launch ecological Lloyd’s consortium Sustainable Insurer from Reuters Welcome to this month's edition of Sustainable Insurer, the monthly digest of all the major developments in the industry’s efforts to build a more sustainable future. Download full edition More News CelsiusPro partners with Ecom to design parametric policy for Indonesian coffee farmers UIB hires Spreadbury as head of renewables Kita launches MS Amlin-led non-payment carbon credit cover Sustainable Insurer: Year in review Carbon credit insurance pushes ahead despite shifting ESG politics Verra approves trio of CORSIA insurance policies ISSB confirms voluntary exemption for insurance-associated emissions reporting Howden's Douglas to step down from climate leadership role, Stace joins as global impact officer Munich Re targets emissions intensity reduction in fac and corporate portfolio Road to Net Zero Showing stories 1 to 3 of 20 Sustainable Insurer: Year in review As 2025 draws to a close, Sustainable Insurer outlines five key themes that have dominated headlines over the past 12 months. ISSB confirms voluntary exemption for insurance-associated emissions reporting The International Sustainability Standards Board (ISSB) has confirmed that insurance-associated emissions will be optionally exempt from Scope 3 emissions reporting requirements, effective from January 1, 2027. Munich Re targets emissions intensity reduction in fac and corporate portfolio Munich Re unveiled updated targets on Thursday to reduce emissions intensity across its underwriting and investment portfolios over the next five years, which were slammed by environmental campaign groups as "self-delusion" and a "missed opportunity". COP30 ends without fossil fuel phase-out pledge One of the most significant perceived shortcomings from COP30 was the lack of concrete agreement around language to promote the global phase-out of fossil fuels. 2025 in review: this year’s key sustainability developments At the beginning of 2025, Sustainable Insurer outlined five key themes for the year ahead, focused on resilience, nature and inclusive insurance. COP30: What to expect As delegates gather in Belém today for the COP30 conference, Sustainable Insurer outlines the current policy environment and areas of the Brazilian agenda where the insurance sector is poised to play a key role. SBB attracts interest from wider insurance panel on sustainability-linked contract pilot (The Insurer) - Swiss Federal Railways (SBB) has reported interest from its panel of insurers to join its sustainability-linked insurance contract initiative at renewal in January, following a pilot undertaken this year with Axa XL, Helvetia and Zurich. Zurich’s Seach: New energy focus based around ‘transitioning’ needs Zurich is not willing “at this stage in the game” to withdraw capacity from customers that fail to demonstrate robust emissions reductions targets and net-zero pathways, said group chief underwriting officer Penny Seach. Climate change, human rights and corporate accountability: Clyde & Co Insurers have been warned to stay abreast of climate litigation trends following two advisory opinions this year that affirmed international jurisprudence around the link between climate change and human rights, as well as emissions attribution to private companies. SBTi in focus following Swiss Re withdrawal Swiss Re’s decision to withdraw its net-zero targets from validation under the Science Based Targets initiative last month continues a recent trend of (re)insurers pulling away from climate-related multistakeholder initiatives. Oka unveils 'world's first' pre-insured exchange-traded carbon credits Carbon and green credit insurer Oka has announced a partnership with Bolsa Argentina de Carbono (BACX) to provide insurance cover to afforestation and reforestation carbon credits listed on the digital Argentinian carbon exchange. Tokio Marine reports carbon neutrality for FY24 Tokio Marine Group said it achieved carbon neutrality for a 12th consecutive year in 2024 in the group's latest sustainability report, published on Friday. Insurance gaps threaten Europe's net-zero shift, Ferma warns Insurance coverage gaps could delay Europe’s shift to net zero, the Federation of European Risk Management Associations said on Monday. ICJ opinion raises questions on corporate liability exposures to climate litigation risk The recent advisory opinion by the International Court of Justice that U.N. member states have an obligation to protect the environment from greenhouse gas emissions has scope to be used to support legal arguments against corporates, although the impact on liability wordings remains to be seen. European insurers back ISSB proposal to scrap insurance-associated emissions reporting Industry body Insurance Europe has welcomed the International Sustainability Standards Board's proposal to remove insurance-associated emissions from Scope 3 reporting requirements in the absence of developed methodologies. Eiopa: US exit from Paris Agreement raises nat cat insurability issues The withdrawal of the U.S. from climate-related multilateral agreements may increase insurability challenges for the industry as losses from climate-driven natural catastrophes increase over the next 12 months, the European Insurance and Occupational Pensions Authority (Eiopa) has warned. ISSB proposes to remove insurance-associated emissions from reporting standard The International Sustainability Standards Board proposed an amendment on Monday that would remove insurance-associated emissions from Scope 3 emissions reporting requirements. Tokio Marine claims carbon neutrality in FY23 through mangrove planting project Tokio Marine Group has announced that it achieved carbon neutrality across its overall business activities in FY23 for the 11th eleventh consecutive year. Zurich targets 20% slash in large corporate portfolio emissions in new transition plan Zurich has set an interim target to reduce the intensity of insurance-associated emissions in its large corporate customer portfolio by 20 percent between 2022 and 2030. LMA and IUA publish sustainability data standard for underwriters The Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA) have partnered to launch a new data standard for underwriters when collecting sustainability data from clients. People Moves Howden's Douglas to step down from climate leadership role, Stace joins as global impact officer HDI Global adds Estrada as environmental liability executive underwriter WTW bolsters carbon credit insurance team with Lloyd's Pengilly HDI Global makes three ESG risk solutions hires in international push Zurich names Hunt global head of energy and energy transition Tokio Marine GX names GCube's Galea and Van Reyk to lead North American growth Viewpoint Showing stories 1 to 3 of 20 Resiliency and no complacency, Aon experts review key takeaways from Climate and Catastrophe Insight report Aon’s 2026 Climate and Catastrophe Insight report revealed global disaster activity slowed over the past 12 months. Yet beneath the surface of these findings lie challenges and opportunities – and there is no room for complacency, as experts from Aon explained to Sustainable Insurer. Impact Forecasting pinpoints transparency as critical next step for catastrophe modelling Impact Forecasting has strengthened its support behind the open-source catastrophe modelling platform Oasis Loss Modelling Framework as part of a drive towards increased transparency in catastrophe modelling, writes Aon. Energy transition presents a golden opportunity for insurance, but sector must be front and centre Aon published its energy transition roadmap for insurers at the end of last month detailing how the industry is presented with a “unique opportunity” to facilitate a transition to a sustainable economic model. Wouter Bosschaart, global climate and net-zero transition lead in Aon’s Reinsurance Solutions strategy practice and author of the report, talks to Sustainable Insurer about the need to put the insurance sector “front and centre” of people’s mindsets. Technology, transparency and resiliency: 30 years of Impact Forecasting Impact Forecasting, Aon’s catastrophe model development centre of excellence, celebrated its 30th birthday last month. Adam Podlaha, head of the team since November 2013, talks to Sustainable Insurer about its beginnings, milestones, and ambitions for the future. The EU’s Omnibus Simplification Package: implications for the organisation Insurance companies, as well as their peers in other sectors, have made significant progress in adopting the European Union’s (EU) proposed changes to sustainability reporting. Against the backdrop of the Green New Deal and the Clean Industrial Deal, firms have published their EU Taxonomy disclosures under the Non-Financial Reporting Directive (NFRD). There is further momentum toward the goal of net-zero greenhouse gas emissions by 2050 and reshaping the economy to be a more resource-efficient. Aon bangs the drum for holistic approach to SCS exposures Aon unveiled its five-step framework for severe convective storm (SCS) earlier this month in a bid to aid insurers to reduce weather volatility across their portfolios. Sustainable Insurer spoke to Patrick Abbe, regional and mutual strategic growth leader for reinsurance solutions at Aon, about the drivers behind the offering and the importance of a holistic approach to the peril. The key to success: Advocating for DEI in the art market Art has often been seen as a mirror of society, reflecting the identity, values, and history of the culture from which it emerges. The art market more widely has also been praised as an early mover in the discussion and promotion of diversity, equality and inclusion. Aon capitalises on new era of US flood insurance with Florida Flood v3-0 model Aon has marked the end of an 18-month certification process with the launch of its Florida Flood v3.0 model at a time of great opportunity in the US flood insurance space. Sustainable Insurer talks to Dan Rees, director of US flood model development at Aon, to find out the motivations behind the updated model. Wind turbines: life extension for obsolete technology Nick Evans, Aviva’s deputy head of renewable energy, outlines the issues in obsolete technology in the wind sector, and how insurers can look to underwrite complex life extensions. Quantifying the financial cost of climate change: three challenges to overcome From getting a full view of climate risk to generating meaningful insight that businesses can use to build resilience, WTW’s climate practice head Peter Carter looks at the climate risk quantification obstacles that need to be overcome. Insurers must do more to close the protection gap Lorenzo Chan on the importance of reaching those currently underserved by insurance. How carriers, reinsurers and new entrants can confidently and profitably operate in high-risk regions EY’s Julie Eichenseer on why it is still possible for insurers to operate successfully in catastrophe-prone markets. Carbon capture and storage: has the insurance market adequately responded to operator needs? With key climate milestones rapidly approaching, the energy transition is at the forefront of many oil and gas companies’ minds, as they continue investing in carbon capture and storage (CCS) projects to abate their emissions. Between 2022 and 2023, the number of CCS projects in construction and development increased by 57 percent. Swapping debt for nature can help drive an equitable transition to net zero Amir Sethu, head of sustainability at MS Amlin, outlines how the Lloyd’s market can help mobilise investment in environmental conservation through debt-for-nature swaps, but warns that success depends on cross-sector collaboration. Understanding the geopolitical implications of energy transition As the risks associated with climate change worsen, the need for the transition has become unavoidable. The imperative to transition to cleaner energy has been further compounded by geopolitical events, with the Russo-Ukrainian War sparking the first truly global energy crisis, according to the International Energy Agency. Can you afford not to invest in carbon credit insurance? Miqdaad Versi, partner at Oxbow Partners, discusses the opportunity offered by the nascent carbon credit insurance market, with projections that the addressable market could reach more than $1trn by 2050. How insurers can capture climate opportunities The insurance industry plays a crucial role in helping individuals, businesses and governments adapt to and mitigate climate change impacts, and in enabling the transition from brown to green energy. Liz Henderson, global head of climate risk advisory at Aon, outlines the growth opportunities and risks. Making the smart transition in your ESG strategy Gallagher Specialty’s James Bosley outlines why insurance is critical to fulfilling the ambitious energy transition commitments unveiled at COP28. COP28: Key takeaways for insurers COP28, the world’s largest ever climate conference, generated a blizzard of headlines and announcements, not to mention robust debate – for example, the exchange between Hillary Clinton and David Howden over the availability of climate risk insurance in the Global South. Rate-induced climate tipping points pose new threat to exposed insurance markets It is often argued that insurers can manage climate change risk simply by using the annual policy cycle to reprice and rebalance portfolios. WTW’s Cameron Rye considers what happens if the rate of change is too fast… The Insurer TV Showing stories 1 to 3 of 20 Carbon credit insurance pushes ahead despite shifting ESG politics Rebecca Delaney, sustainability editor at The Insurer, joined The Insurer TV to discuss the growing sophistication of carbon credit insurance and the progress made in the market this year. Hinshaw's Seaman: Trump administration set to end ESG pressure on insurers The US insurance industry is expected to stop acting as an unofficial ESG "enforcement arm" under the second Trump administration, according to Scott Seaman, Insurance Industry Group Leader at Hinshaw & Culbertson. WRMS partners with digital microinsurer MIC Global on parametric flood policy Agritech and climate risk management firm Weather Risk Management Services (WRMS) has partnered with digital microinsurance provider MIC Global to deliver flood resilience cover to merchants and gig workers in India. Swiss Re’s Lohbeck: Industry must evolve to meet risk transfer needs of energy transition Technological developments will help advance the energy transition over the coming years regardless of curveballs thrown by macroeconomic and geopolitical issues, according to Swiss Re’s specialty CUO Anne Lohbeck. Where next for ILS? Expanding the frontier of ILS beyond its traditional focus on the natural catastrophe space is at the forefront of the sector’s agenda as realisation builds of the need for innovative solutions to address the evolving risk landscape. Energy transition demand helps Liberty Project Cargo Consortium exceed plan in 2023 One of the key aims of Lloyd’s sustainability strategy has been to drive an increase in the amount of renewable energy business underwritten through the market. Bermuda Premier highlights climate finance initiatives at COP28 in Dubai Premier David Burt of Bermuda made a notable appearance at COP28 in Dubai, shedding light on Bermuda's role in climate finance and its commitment to tackling climate change. Aon’s Zakhary: Industry must seize “immeasurable opportunity” from energy transition Insuring the transition presents an immeasurable premium and revenue opportunity for the sector, according to Sherif Zakhary, CEO of Aon's Strategy and Technology Group (STG). Reclaim Finance’s McCully: NZIA on “life support” following mass exodus The future of the Net-Zero Insurance Alliance (NZIA) is hanging in the balance having lost more than half its members following the intervention from a “deeply irresponsible” group of US Republicans citing antitrust concerns. Aon’s Henderson: Cat models are the “language” of risk transfer The “journey” from the science to cat models has never been more critical, according to Aon’s Liz Henderson, as the industry continues to struggle to keep up with the pace of climate change. The Insurer TV: Reclaim Finance calls on Lloyd’s to “stop greenwashing” Climate campaign group Reclaim Finance has called on Lloyd’s to “stop greenwashing” and to mandate stricter policies around the exclusion of fossil fuels to achieve meaningful change in a new report which ranks the fossil fuel underwriting policies of managing agents. Ukrainian MP Mezentseva: Ukraine will be a “great opportunity” after the war Ukrainian politician Maria Mezentseva has told The Insurer TV that Ukraine will become a “great opportunity” when the war with Russia is over, which she anticipates will happen by the end of this year. GC’s Enoizi targets additional partners for Business Resilience Task Force The UK’s Business Resilience Task Force is seeking additional partners as it looks to expand its influence to further build resilience both in Britain and internationally, according to Guy Carpenter’s Julian Enoizi. GC’s Enoizi eyes scale-up of NY community-based insurance scheme The groundbreaking community-based parametric scheme set up to provide emergency funding to New York neighbourhoods impacted by flooding has potential to scale up to cover thousands of cities across the US, according to Guy Carpenter’s Julian Enoizi. Risk Spotlight: How do you know your ESG initiatives are having an impact? Climate events and social justice have dominated headlines in recent years, with the understanding and prioritisation of these issues only increasing. Panel debate: Chaucer-Moody’s scorecard key to enabling measurable action in wider ESG journey This year has been one of significant momentum for the (re)insurance markets in relation to ESG, with the industry markedly increasing its focus on assessing risk through an ESG lens. Carnegie-Brown: Sector not yet fully utilising green investment potential Lloyd’s chairman Bruce Carnegie-Brown has said the (re)insurance sector could better utilise its role as an institutional investor to support green growth in the global economy but said regulatory changes will be needed if it is to use its assets to their full potential. Insurers must “speak truth to power” on climate change: Canada’s former PM Harper Canada’s former prime minister has said the global (re)insurance industry has a critical role in speaking “truth to power” when it comes to tackling the impact of climate change because of its investment in data, models and analytics to understand cat risk. Canada’s Harper: Net-zero by 2050 virtually “unachievable” at current pace of change Too heavy a focus on national net-zero strategies and a lack of transparency around how global environmental goals are to be achieved could lead to a spike in emissions, Canada’s former prime minister Stephen Harper has warned, adding that existing targets are “unachievable” in their current form. UK climate stress test a sign of increasing scrutiny of insurer climate risk The Bank of England’s climate stress test is a sign that central banks and international regulators are looking to “ramp up” oversight of insurer climate risk, according to Guy Carpenter’s managing director of catastrophe advisory Jessica Turner. Interview GaiaSicura aiming to elevate nature beyond ‘side of desk projects’, says CEO Butler Swiss Re's Blattner-Hoyle: Natural disasters move up governments' agendas as drivers of debt and GDP loss CFC’s Beattie: CORSIA credit approvals will ‘entice’ other insurers to enter market Axa Climate eyes lead position in nature insurance market Oka’s Slater: Product design holding back voluntary carbon insurance Genazzini: Microinsurance Network eyes growth across African continent in 2025 The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Reuters Products Reuters Events Reuters Events exists to deliver the intelligence and foster the relationships that shape strategy and secure the future for leading companies worldwide. Reuters.com Reuters.com provides readers with a rich, immersive multimedia experience when accessing the latest fast-moving global news and in-depth reporting. Reuters News Agency Reuters is the world’s largest multimedia news agency. 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