๐€๐๐š๐ฉ๐ญ ๐จ๐ซ ๐ƒ๐ข๐ž โ€“ ๐‹๐ž๐š๐๐ข๐ง๐  ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐ข๐ฌ ๐‚๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ

Insurers have an unprecedented risk landscape to underwrite and price. Rapid change and adaption has never been more important.

โ€œ๐˜ˆ๐˜ด ๐˜ธ๐˜ฆ๐˜ญ๐˜ญ ๐˜ข๐˜ด ๐˜ฅ๐˜ช๐˜ณ๐˜ฆ๐˜ค๐˜ต๐˜ญ๐˜บ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ฉ๐˜ถ๐˜ฎ๐˜ข๐˜ฏ ๐˜ฉ๐˜ฆ๐˜ข๐˜ญ๐˜ต๐˜ฉ, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฉ๐˜ฆ๐˜ข๐˜ต ๐˜ฉ๐˜ข๐˜ด ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ๐˜ฅ ๐˜ญ๐˜ข๐˜ณ๐˜จ๐˜ฆ-๐˜ด๐˜ค๐˜ข๐˜ญ๐˜ฆ ๐˜ค๐˜ณ๐˜ฐ๐˜ฑ ๐˜ฅ๐˜ข๐˜ฎ๐˜ข๐˜จ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ญ๐˜ช๐˜ท๐˜ฆ๐˜ด๐˜ต๐˜ฐ๐˜ค๐˜ฌ ๐˜ญ๐˜ฐ๐˜ด๐˜ด๐˜ฆ๐˜ด, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ค๐˜ช๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ด๐˜ต๐˜ด ๐˜ด๐˜ข๐˜ช๐˜ฅ, ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜œ.๐˜š. ๐˜ค๐˜ฐ๐˜ณ๐˜ฏ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ด๐˜ฐ๐˜บ๐˜ฃ๐˜ฆ๐˜ข๐˜ฏ ๐˜ค๐˜ณ๐˜ฐ๐˜ฑ๐˜ด, ๐˜”๐˜ฆ๐˜น๐˜ช๐˜ค๐˜ข๐˜ฏ ๐˜ค๐˜ข๐˜ต๐˜ต๐˜ญ๐˜ฆ, ๐˜ด๐˜ฐ๐˜ถ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฏ ๐˜Œ๐˜ถ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ข๐˜ฏ ๐˜ฐ๐˜ญ๐˜ช๐˜ท๐˜ฆ๐˜ด ๐˜ข๐˜ด ๐˜ธ๐˜ฆ๐˜ญ๐˜ญ ๐˜ข๐˜ด ๐˜Š๐˜ฉ๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ฆ ๐˜ค๐˜ฐ๐˜ต๐˜ต๐˜ฐ๐˜ฏ ๐˜ข๐˜ญ๐˜ญ ๐˜ด๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ข๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ฆ๐˜ฅ.”

Insurance Journal, David Stanway
๐„๐ฑ๐ญ๐ซ๐ž๐ฆ๐ž ๐ฐ๐ž๐š๐ญ๐ก๐ž๐ซ ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ 100%โ€ฆ

The Intergovernmental Panel on Climate Change (IPCC) highlights an urgent need for global action to combat climate change. The report reveals countries are falling short in their mitigation efforts. Renewable energy shows signs of growth, but fossil fuel emissions continue to rise.

๐ˆ๐ง๐Ÿ๐ฅ๐ฎ๐ž๐ง๐œ๐ž ๐ข๐ง๐ฌ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐ฐ๐ข๐ž๐ฅ๐โ€ฆ

The inability of insurers to profitably underwrite risks will ultimately become a very influential factor in changing behavior. The insurance industry has often played an influential role in consumer protection, automotive safety, and work safety protections.

Carriers clearly play an influential role in the fight against climate change. Unlike requests for specific changes, the greatest influence may be in the rating and underwriting pressure.

๐‹๐ž๐š๐๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐ข๐ฌ ๐ง๐ž๐ž๐๐ž๐โ€ฆ

Insurers with EIS Product Studio and EIS Rating Analytics, can rapidly deploy products with hyper-focused rating to cultivate business with greater profitability. And drive change in the world to reduce climate change. And thereby reduce the volatility of extreme weather related events.

Exactly how insurers can influence the larger macro activities of fighting climate change remains to be seen. But insurers clearly have a vested interest in reducing climate change. Developing innovative products that reward climate friendly customer behavior may be one option to get the indirect knock-on effect of mitigating climate change may be one option.

To do that insurance carriers will need a leading-edge technology platform. One that integrates efficiently, completely, and seamlessly with all modern services via API. EIS Ltd provides that platform and is looking for the ambitious insurers in the market to not just adapt to the changing risk landscape, but dominate the market.

๐“๐จ๐ ๐ž๐ญ๐ก๐ž๐ซ ๐ฐ๐ž ๐œ๐š๐ง ๐๐จ ๐ญ๐ก๐ข๐ฌโ€ฆ

Governments and businesses must accelerate efforts to reduce greenhouse gases and invest in adaptation measures.

Weโ€™re all in this together.

SOURCE

Insurance Journal, David Stanway, โ€˜Human-Induced Climate Change Plays โ€˜Overwhelmingโ€™ Role in July Heatwaves: Scientistsโ€™


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