Home (re) Insurance Latin America Climate resilience: how insurance can contribute to a new, “green” dawn

Climate resilience: how insurance can contribute to a new, “green” dawn

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Re/insurance is at the front line of mitigating climate risk and facilitating sustainable growth. Re/insurers can contribute to the UN’s 1.5oC target from both sides of the balance sheet and help drive a unified policy framework for green transition.

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Key takeaways of this Economic Insights are:

  • Tackling climate risks could lift G20 GDP growth by 4.7% by 2050.
  • Insurers can contribute to climate resilience through environmental-friendly underwriting guidelines.
  • Incorporating ESG criteria to investment process supports long-term economic growth.
  • Green bond issuance is at record highs but is still just 0.5% of global bonds in circulation.
  • A harmonized “taxonomy” of what is green and sustainable is needed to further advance climate resilience.

Source: Swiss Re Institute

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