General Insurance Article - SCOR sign up to the Climate Transition Pathway


Willis Towers Watson have announced that SCOR have signed up to align capacity to support the Climate Transition Pathway (CTP) solution, an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identifying businesses with robust low carbon transition plans aligned to the Paris Agreement. This follows on from the recent announcement that Liberty Specialty Markets had become the first insurer to support the CTP.

 SCOR is the latest insurer to sign up to the CTP accreditation model. It will provide help to organisations wishing to transition to a low carbon economy. Companies achieving accreditation will have the opportunity to access insurance capacity and capital to support their orderly transition and help them meet their low-carbon commitments.

 Graham Knight, Global Head of Natural Resources, said: “At Willis Towers Watson we are committed to helping our clients in a sustainable way. Climate Transition Pathways was designed to help those organizations wishing to transition to a low carbon economy and we are absolutely delighted to see more insurers supporting the framework. Today’s announcement is another step towards ensuring we can provide continued access to insurance for companies committed to transition as well as a greater level of certainty around the future availability of risk capacity. By helping our clients in this way, we are helping to provide a sustainable future.”

 Olivier Perraut, Chief Underwriting Officer Specialty Insurance, SCOR says “Our conviction is that we, re-insurers and SCOR, in particular, have an essential role to play in insuring the energy transition. We believe this Climate Transition Pathway approach is an important way to support our clients in their own commitments to follow credible transition pathways as they transform their business model and align to the objectives of the Paris agreement.”

 More information on Climate Transition Pathway can be found here
  

Back to Index


Similar News to this Story

Call for simplification of EU cybersecurity regulation
Insurance Europe has welcomed the European Commission’s review of the Cybersecurity Act (CSA) and the forthcoming digital omnibus initiative, supporti
7 California wildfire lessons learnt for European insurers
The devastating January 2025 wildfires in Los Angeles, which destroyed over 16 000 structures and caused insured losses of approximately USD 40 billio
Do not be left high and dry this summer
Aviva is urging caution as data reveals a correlation between warm weather and fire claims. Number of garden fire claims is already significantly high

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.