How U.S. Insurers Must Move Beyond Climate Disclosure To Strategic Action [Forbes]
QBE INSURANCE GP S/ADR (QBIEY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
And in many ways, insurers are leading in their management of the immediate physical risks of heatwaves, floods, drought, storms, and rising sea levels. For the third consecutive year, Ceres has tracked the industry's disclosure progress, and what we're seeing is that 85% of U.S. insurers are disclosing climate risks and short-term management strategies—more than the rest of the world's insurers combined. Nearly all insurers now report on the processes they use to identify, assess, and manage climate-related risks within their operations and portfolios, and 97% describe how they integrate climate considerations into their core planning and business models. Insurers are working to handle immediate risk by integrating climate risk preparation into their overall business strategy. For example, QBE Insurance Group has conducted a thorough climate risk analysis and incorporated the findings into a wide range of processes, including catastrophe modeling and business goals and is workin
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