On Aon Insights: The Role of Insurance in Climate Plans

Insurance plays an integral role in creating climate resilience and while new technologies may be critical for the future, they may represent new risks. Advanced planning for the likelihood of natural disasters and other events can help organizations weather the storms. In this episode, host and chief marketing officer, Reinsurance Solutions, Alexandra Lewis, is joined by North America leader for Aon’s Climate team, Natalia Moudrak, for insights into the role of insurance in creating climate resilience.

• [1:01] How insurance plays a critical role in addressing the challenges of climate
• [2:09] The role of Aon’s Energy Transition Group
• [2:50] Strategies to prepare for developing technologies
• [4:28] Why reducing carbon dioxide emissions is an important tool that must be used with caution
• [6:42] Tactics to help organizations better prepare for future climate risks
• [8:10] A recap of climate risk, insurance, and resilience

Additional Resources:

Decarbonizing Your Business: Finding the Right Insurance and Strategy

Making Better Decisions on the Journey to Net-Zero

Catastrophes and Coverage: What 2022 Can Teach Us About Climate Risk

On Aon Insights Season 2, Episode 1: What Does “ESG” Really Mean?

On Aon Insights Season 2, Episode 2: Climate Science Through Academic Collaboration

On Aon Insights Season 2, Episode 3: Climate and Supply Chain

Aon’s website

Tweetables:

• “The toll from natural disasters is not just economical, it's social and environmental. The insurance industry is on the forefront of this challenge and has been for decades.” — Natalia Moudrak
• “It is so important to think of ways where we can combine risk engineering and finance acumen and also work collaboratively across public and private sectors to optimize risk transfer and project financing solutions.” — Natalia Moudrak
• “For companies to grow and scale and to attract the financing to do so, it's so important to understand and to convey to potential investors the dollars and cents value of their IP assets.” — Natalia Moudrak
• “It's important to recognize that climate change is real, it's happening and it's not going to go away as a function of time.” — Natalia Moudrak
• “To limit the negative impacts of climate change, clients need to think about what they can do today to better prepare and withstand the impacts of extreme weather events.” — Natalia Moudrak