Insurers were put on the hot seat during an extraordinary United Nations summit on the industry's role in combatting climate change, where Secretary General Ban Ki-moon pleaded with carriers from around the world to leverage their vast resources and risk management expertise to bolster sustainable development and their bottom line.
The U.N. Insurance Sector Summit took place one day before Pope Francis released his historic call to action on climate change, which the secretary general characterized as "the defining issue of our time." During his keynote address, he noted that while insurers are concerned about being disrupted by emerging technologies and non-traditional competition, climate change is threatening to disrupt the entire planet's ecosystem and economy, and thereby should be one of the industry's prime strategic concerns.
Play a bigger role to promote 'climate smart development'
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
