保险业支持转型的机遇

Executive summary Sector deep-dives Recommendations Foreword The insurance industry is uniquely placed to support the transition to a sustainable future. For decades,our global insurance industry has been supporting individuals, businesses and governments inunderstanding, mitigating and managing the impact of increasingly severe climate-exacerbateddisasters. Additionally, we play an important role in supporting investment in and development ofrenewable energy and climate innovation, initiatives key to realising the transition pathway and net zerogoals. This report, developed by Marsh McLennan in partnership with the Sustainable Markets InitiativeInsurance Task Force (SMI ITF), seeks to provide greater clarity as to the key risks and challengesbusinesses across multiple sectors face in the transition and crucially, how insurers can support them.We hope that by identifying areas for partnership and collaboration, the ITF can drive and deliverinnovative insurance solutions to address these challenges. Our research, carried out by interviewing C-Suite and Heads of Risk Management from various realeconomy firms, identifies seven specific cross-sector opportunities where the insurance industry couldbe a key enabler to catalyse the transition in hard-to-abate sectors. Alongside the research, we have presented a set of practical recommendations for the insuranceindustry to take forward, highlighting the opportunities to further support customers. We need to ensurethe collective management of the risks of transition, alongside the growth opportunities spurred on bynew economic activities, as we seek to help businesses accelerate towards a more resilient andsustainable future. John Neal CEO of Lloyd’s and Chair of the Sustainable Markets Initiative Insurance Task Force Nick Studer President and CEO of Oliver Wyman Group, Climate and Sustainability sponsor on theMarsh McLennan Executive Committee The role of the insurance industry in catalysing the transition in hard-to-abate sectors This report explores seven key sectors and technologies to understand their transition trajectory and identify the key challenges and risks they will face. This provides an overallpicture of where the insurance industry can provide the necessary risk solutions to catalyse the transition.Executive summary Summary of key risks and recommendations Seven key sectors and technologies 1.The top three challenging areas identified by real economyfirms in their journey towards net zero arereputation,financial planning, and profitability. The research showsthat, across all aspects of products and services, theinsurance industry can do more to make our customers feelagreater level of support. We suggest this begins withenhanced engagement.2.There areopportunitiesfor the insurance industry toinnovate, evolve existing products to insure new risks,and expand capacity for existing risks. Innovativeinsurance solutions, like new pooling solutionsfor pioneering technologies and capital relief solutionsdesigned to boost financial investment, could drive globalprogress and accelerate industry transitions towards a moreresilient and sustainable future.3.The Insurance Task Force can draw upon thecross-sectorconvening powerof the Sustainable MarketsInitiative.Cross-taskforce collaborationcould allow theinsurance industry to engage with policymakers and gainaccess to key data that will enable our industry to bettersupport the transition. Executive summarySupporting the climate transition has been a central focus for both the Lloyd’s market and wider insurance industry in recent years. There is an opportunity for the industry to supportbeyond existing insurance solutions by developing innovative risk solutions and partnering across industries to address wider transition challenges Leveraging the insurance industry’s risk management expertise and improving product visibilitywould support real economy firms’ response to climate transition challengesExecutive summary Report approach Survey results: Challenges faced by companies in climate transition We conducted research with CEOs of real economy companies in hard-to-abate sectors. We aimed to understand the challenges they are facing,and the level of support they have received so far from the insuranceindustry, as they navigate their role in transition. % of respondents who rated the following areas as a considerable / severe challenges Key conclusions The insurance industryhas an important role to playin shaping the path tonet zero, through evolving and deploying its risk transfer offerings and betterarticulating itsvalue propositionto potential customers. Established insurance products like construction, property and businessinterruption already have a well-understood role in mitigating some importantchallenges. However, there are fewer mature insurance offerings availablefor thefirst-order strategic and financial riskswhich firms see as their topchallenges in the transition. Although in