From Risk to Opportunity, Insurer responses to climate change

This Ceres report outlines the insurance industry’s significant progress in developing wide-ranging products and services to help global consumers and businesses reduce their exposure to climate change—and to reduce the emissions causing global warming. [Ceres is a coalition of investors, environmental groups, and other public interest organizations working with companies to address sustainability challenges such as climate change]. The report identifies 643 real-world examples from 244 insurers, reinsurers, brokers and insurance organizations from 29 countries—a 50 percent jump in such activity compared to November 2007, when Ceres issued a similar report. Insurance coverage for green buildings, renewable energy, carbon capture and storage and carbon trading are being offered by more insurers than ever before. For the first time, two insurers, Zurich and Liberty Mutual, have introduced directors and officers’ coverage specifically tailored to address liability risks associated with climate change.