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Insurers are willing to contribute to EC’s Green Deal

In reaction to the European Commission’s roadmap on the EU’s Climate Law, Insurance Europe highlighted that (re)insurers are especially aware of and sensitive to the risks posed by a changing climate, both as an underwriter of risk and compensator of losses.

As Europe’s largest institutional investor, insurers can also play a significant role in financing the transition towards more sustainable economies.

In fact, the European (re)insurance industry identified climate change as an emerging risk over two decades ago and has since campaigned for more action to be taken to help mitigate its impact. The industry is therefore ready and willing to contribute to the European Green Deal.

To provide further context, Insurance Europe submitted one of its “Ambitions for Europe” papers, which focuses on how to achieve a greener, more sustainable Europe.

Published 12 February 2020