280 words…about a minute read

What’s happening: For this year’s Climate Week NYC, Aon brought together cross-sector leaders for a Risk and Resilience Summit to explore the critical role of the insurance industry in generating climate solutions.

• Panelists agreed there is strong potential for cross-sector collaboration to accelerate climate innovations and underscored the role of insurance as a backbone of economic stability and progress.
  • For this conversation, Aon’s President Eric Andersen was joined by George Oliver, CEO of Johnson Controls and Henri Bruxelles, chief sustainability and strategic business development office at Danone.
• Attendees also discussed the increasing risk of un-insurability due to climate and extreme weather events and emphasized the importance of collaboration and data-led insights to drive solutions.
  • This dialogue featured prominent voices in the industry including Deanne Criswell, FEMA administrator; Eric Duchon, global head of ESG at Blackstone Real Estate; Andy MacFarlane, head of climate at AXA XL; and Liz Henderson, global head of climate risk advisory at Aon.

Zoom out:

• The award-winning “On Aon” podcast looked at key topics discussed at Climate Week NYC and the steps needed to help organizations mitigate climate risk. Listen on Spotify, Simplecast and Apple Podcasts (iTunes).
• Climate change is driving more frequent and intense wildfires and organizations are facing increasing disruption for workforces and homeowners. Parts of Texas and Colorado, for example, could see 80 more days of extreme wildfire conditions by 2050 – underscoring the need for risk management that goes beyond property damage to consider the impact on people. Read Aon’s insights here.
• Aon’s Climate Risk Advisory practice helps clients make better decisions on climate risks and opportunities, unlocking access to capital, enabling growth, and creating sustainable and resilient organizations. Read more here.