The ABI’s work on climate change is focusing on both adaptation and mitigation, and includes:
- The creation of Flood Re to safeguard affordable flood insurance for those living in high flood risk areas.
- Working with the Government and insurance industry regulators to ensure that buildings and communities are resilient to the effects of climate change in the long term.
- Promoting ways in which the insurance industry can support the growth of the low carbon economy, for example insuring renewable energy generation, or investing in green infrastructure.
- Supporting ClimateWise, a global insurance industry collaboration which focuses on driving forward action on climate change risk. The ABI was a founding member of ClimateWise in 2007 and has operated on the Managing Committee ever since. ClimateWise members commit to action against the ClimateWise Principles and are independently reviewed against these annually.
Further information on the climate focused work of the ABI is available below.
- ClimateWise- The insurance industry's network concerned about climate change.
- UK Windstorms and Climate Change