UniSey held an interdisciplinary lecture on the “Environmental, Social and Governance (ESG) – Why is it a key driver of success?” on Tuesday 22nd October 2019 from 1.30pm at the UniSey Theatre 2, Anse Royale campus.
The lecture was delivered by a guest speaker, Dr. Felix Horber, from the Group Company Secretary and Managing Director of Swiss Re Ltd.
Climate changes. Not a day goes by without news about environmental topics such as ice caps melting, hurricanes, flooding, drought and wildfire. The economic losses due to such extreme events have steadily increased over the past 25 years and they keep on rising as more people and assets are moving to high risk areas. A big portion of these losses are still uninsured.
So why does this matter for insurers? It’s very simple: protection against natural catastrophes is – and always has been – one of the key functions of the insurance industry. It is in an insurer’s utmost interest to promote sustainable behaviour and stronger climate action to mitigate the risks of environmental changes and to close the protection gap. How should this happen in practice? And which role do the private and public sector play in this context?
Dr Felix Horber, Group Company Secretary and Managing Director of Swiss Re Ltd, the world’s largest reinsurance company, explained in his lecture what Environmental, Social and Governance (ESG) related risks and opportunities mean for private companies and the public sector and how this complex issue relates to sustainable insurance. He demonstrated how Swiss Re’s vision, to make the world more resilient by offering risk transfer products, aims to tackle society’s challenges such as climate change and thereby enabling sustainable progress.