With a 300 year heritage, RSA is one of the world’s leading multinational insurance groups being able to write business in around 140 countries. Since RSA began business, weather patterns have been changing and the company has accommodated these changes by evolving their underwriting and pricing techniques. RSA are therefore well placed to understand the risks posed by a changing climate and share their risk management expertise with their customers, supporting them to understand and prepare for weather events with SMS alerts, checklists and personal advice. When RSA settles claims, their first priority is to get customers back on their feet as soon as possible and we try do this in a sustainable manner, focusing on repair and restoration strategies over replacements. To this end, RSA works collaboratively with their suppliers reducing energy consumption and waste generation where possible, during the settlement of the claim.
As one of the insurers of the first offshore wind farm in 1991, RSA have built up a wealth of knowledge and expertise in the renewable energy sector. RSA believes that renewable energy has an important part to play in delivering emissions reduction targets and decarbonising our energy market and therefore works with the industry to reduce the risks and costs of these projects.
Internally, RSA has reduced its carbon footprint by 15% since 2013 and is well on its way to a 20% reduction target by 2018. This has been achieved by moving to renewable energy suppliers, improved building management, recycling and getting their 18,000 employees on board in the transition to a low carbon future.