Source: Dow Jones News Service, November 1, 2021
Posted on: https://www.advisen.com/

Insurers should work with clients to help them shift toward greener business models instead of shying away from polluting sectors, executives said Monday at an event coinciding with the COP26 United Nations climate summit in Glasgow.

The insurance industry shouldn’t become “an exclusion machine” that refuses to work with carbon-intensive companies, because that doesn’t help the environment, said Renaud Guidée, group chief risk officer of France-based AXA SA. “You have a better conscience but the planet is none the greener,” Mr. Guidée said at a virtual panel discussion hosted by reinsurer Swiss Re AG. Read more.