Aligning insurance portfolios with the Paris Agreement

Public live event, video broadcast by UN Environment Programme’s Principles for Sustainable Insurance Initiative and Swiss Re on 31 August 2020.

The 4th and final event of the PSI-Swiss Re virtual event series on sustainability leadership in insurance focused on an emerging agenda: how to align insurance and reinsurance portfolios with the Paris Agreement.

 The UN Sustainable Development Goals (SDGs)—a shared vision to end poverty, rescue the planet and build a prosperous and peaceful world—are gaining global momentum. While progress is being made in many places, action to meet the SDGs is not yet advancing at the speed or scale required. 2020 ushers in the UN’s Decade of Action to deliver the SDGs by 2030, and there is a need to accelerate solutions to major sustainability challenges—ranging from climate change and ecosystem degradation, to poverty, inequality and closing the protection gap.

Currently, many insurance products and solutions already support achieving the SDGs but the industry lacks a systematic mapping of such products and solutions, a clear narrative, and methods to measure impact. There is also a lack of understanding on the types of insurance products and solutions needed—both existing and new—to support the achievement of various SDGs, and how such products and solutions can be developed and brought to scale. Finally, there are no global goals or targets for the insurance industry linking its insurance portfolios to the SDGs.

In this vein, the UN’s Decade of Action offers an unprecedented opportunity for the global insurance industry to scale up action and impact through a set of “Insurance Sustainable Development Goals” that would harness insurance products and solutions to help achieve the SDGs.

This event is part of the PSI-Swiss Re online event series 2020 on "Sustainability leadership in insurance" ( https://www.swissre.com/institute/conferences/sustainability-leadership-in-insurance )

Видео Aligning insurance portfolios with the Paris Agreement канала Swiss Re