General Insurance Article - Al Gore to speak to Lloyd's CEOs on climate change


 The LMA Academy, the Lloyd’s Market Association’s educational arm, has launched a leadership programme with the University of Cambridge to explore the strategic implications of climate change for the insurance industry.

 “2025: Strategic Risk Implications for Chief Executives in Lloyd’s” will combine a series of contributions from high profile speakers, including a guest lecture by the former US Vice President, Al Gore.

 The programme is the first collaboration between the LMA Academy and the University of Cambridge Institute for Sustainability Leadership (CISL). Over four modules and a guest lecture, the programme will present the latest science of climate change, examine the challenges for insurance and investment markets and debate the strategic implications for the insurance industry between now and 2025.

 Increasingly regulators are recognising that climate change poses real risks to companies and industries. The Bank of England has recently written to insurers to assess the risk that climate change poses to their solvency and earnings.

 “We are seeing companies in all sectors now recognising that climate change is posing a material risk to the way that businesses operate” explained CISL Director, Polly Courtice.

 “The insurance sector has an important role to mitigate the impacts on society and help us to anticipate what lies ahead”.

 Former US Vice President Al Gore will join the programme in April 2015 to discuss and debate social and environmental issues with the participants. Later, he will address a wider audience of senior market practitioners in the Old Library at Lloyd’s.
  

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