Webinar: Insurance protection gaps and economic resilience to climate change
On 15th July 2020, at 5:30 p.m. Anastasia Kartasheva (Senior Fellow at the Joshua J. Harris Alternative Investments Program at the Wharton School, University of Pennsylvania and visiting faculty at the University of St Gallen in Switzerland) will hold a webinar on Insurance protection gaps and economic resilience to climate change.
The event is organized by LTI@UniTO and Fondazione Collegio Carlo Alberto.
The (re-)insurance industry is uniquely positioned to address the environmental, economic and social challenges for sustainable development. As risk managers and risk carriers, (re-) insurers provide $5 trillion of world premium volume of insurance coverage. It permits businesses and households to insure the financial consequences of intensified natural disasters due to climate change. The (re-)insurance industry also creates solutions for retirement financing of the aging world population and for reducing inequality and poverty in the old age. As investors, insurers and reinsurance hold over $30 trillion of global assets under management. Due to the long-term nature of their commitments to policyholders, insurers invest long-term which makes them fit to provide funding for infrastructure and green energy.
Building resilience is at the core of the insurance business model. Not surprisingly, global insurers and reinsurers were among the pioneers to integrate the sustainability benchmarks into their business and investment decisions (see UN Principle for Sustainable Insurance).
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