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Events

UNEP FI 2007 Global Roundtable

Sustainable Insurance: Better Risks, New Opportunities

Workshop 1.3.3
11.15-12.45

With USD 3.7 trillion in annual premium revenues, USD 17 trillion in assets under management and risk management as a core competency, the world's largest industry is uniquely positioned to address many global sustainability issues.

The session seeks to answer the following questions:

What are major sustainability risks for the insurance industry? What are the opportunities?
What are examples of sustainable insurance products and services?
How can insurers embed sustainability in their core processes (e.g. underwriting, product design, claims handling, sales & marketing and investment)?
Is environmental, social and governance (ESG) performance a good proxy for risk management?
What are the sustainability barriers, internally and externally? How can they be overcome?
How do rating agencies assess insurers from a sustainability perspective? How much weight does sustainability carry in the overall credit rating?
Are insurers lagging behind the banking and investment communities in integrating sustainability into their business models? If so, why?

These questions will be answered by a panel of industry experts. The interactive session will include table brainstorming among participants (which will be documented by rapporteurs), followed by a question-and-answer forum between the panel and the audience.

Session Summary (PDF: 628 KB)

Presentations

Insurance Working Group, UNEP Finance Initiative (PDF: 531 KB)
Butch Bacani, UNEP FI

Speakers

Bill Hartnett, Managing Director Asia Pacific, Innovest Strategic Value Advisors
Tony Coleman, Chief Risk Officer & Group Actuary, Insurance Australia Group
Butch Bacani, UNEP Finance Initiative