Aon CEO Greg Case recently spoke at a PwC breakfast briefing during the Monte Carlo Rendez-Vous for the insurance and reinsurance industry, highlighting the issue of climate volatility.
“Insurance exists to protect the things you can’t afford to lose. With climate change, if we lean into the challenge, innovate and collaborate on a scale not seen before, we have a generational opportunity to make a difference in the global economy,” Case said. “Climate change has got to be a priority. It must be a priority, in every way, shape or form.” Read more about Case’s talk on climate change and the opportunity it presents for the industry to rethink how to match capital to volatility in Artemis.
The Insurer highlighted Case’s challenge to the industry to accelerate momentum in addressing climate risk. “The question is how we take this era of great volatility and turn it into an era of great opportunity. We are the players who facilitate the movement of capital. In the end, this comes back to relevance, and where we are in the global economy.”
Case also spoke of the need to engage in a net-zero transition. “At a time when these risks are growing, we should be getting bigger to help support these risks,” he said.
Learn more about how Aon helps clients prepare for natural catastrophes amid extreme rainfall and flooding as well as extreme heat and our recent announcement with Revalue Nature to accelerate global decarbonization efforts.