A coalition of many of the world's largest insurers has today unveiled a new set of Principles for Sustainable Insurance in partnership with the UN Environment Programme (UNEP). The new principles, which were published at the Rio+20 Earth Summit in Brazil, have been endorsed by more than 25 insurers, which combined manage over $5tr of assets and represent over 10 per cent of world premium volume. For years, insurers have been at the forefront of the corporate world in alerting society to the risks of climate change and, more recently, threats such as the loss of biological diversity and the growing pressures on forests, freshwater and other essential ecosystems," said UN Secretary General Ban Ki-moon. "The Principles for Sustainable Insurance provide a global roadmap to develop and expand the innovative risk management and insurance solutions that we need to promote renewable energy, clean water, food security, sustainable cities and disaster-resilient communities."
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