Sustainability, Resilience and the Climate Transition: Risks & Opportunities for Insurers
Course syllabus
E = Essentials C = additional courses in the extended ‘Certificate’ syllabus. Learning paths can be built for specific job functions by combining Essentials & Certificate courses.
Module 1: What Sustainability Means for Insurers
C1 Sustainability 101: The Science & the Solutions
A brief introduction to the key threats posed to society and nature by climate change, resource depletion and overconsumption, and the economic solutions needed to secure a habitable, just and resilient future world.
E1 The Role of Insurance in the Sustainability Transition
Why should sustainability matter to insurers, and why do insurance companies have such an important role to play in building a more sustainable future?
E1 The Business Case for Sustainable Insurance
An overview of game-changing opportunities the climate transition presents the insurance industry, as well as the material climate, transition and sustainability-related threats and market trends driving the need for action.
E1 Three Levers of Sustainable Insurance
An introduction to the three key levers insurers have at their disposal through which to implement sustainability: operations; investments and underwriting.
C1 Implementing Sustainability in Investments
An overview of how insurers incorporate ESG and sustainability into their investment processes, both in their core strategies and via sustainable investment products and impact investments.
C1 Sustainability in the Claims Process
Exploring the multiple ways insurers can build sustainability and resilience into the claims process – a critical, immediate touchpoing with customers and the real economy.
Module 2: Sustainability Risks & Opportunities
E2 The Sustainability Risk Landscape
Learn how climate change, energy transition and the adoption of more sustainable practices create physical, transition and liability risks and opportunities for insurers.
C2 Introduction to Climate Risk Strategy
Understand the building blocks of a robust strategy for managing climate-related risks and improve decision-making in a rapidly changing environment.
C2 Innovating Sustainable Insurance Products
The sustainability transition is a multi-billion-dollar opportunity. How do we develop products and solutions to take advantage?
C2 Conducting a Materiality Assessment
How to design and implement a materiality assessment to identify and manage key sustainability risks, opportunities and impacts.
C2 Climate Statements – the four-pillar TCFD framework
Leverage the Task Force on Climate-Related Disclosures framework to structure effective climate reporting that meets regulatory standards while supporting strategic business objectives.
C2 Implementing Actionable Climate Models & Scenarios
Navigate the complex world of climate risk data, learning to evaluate, select, and implement appropriate climate models and scenarios for effective insurance decision-making.
E2 Why Nature Risks are Rising the Agenda
Nature degradation has to date been overlooked as a global threat compared to climate change, but is now moving rapidly up the agenda. Here we explore the concept of natural capital and nature-related threats and challenges for insurers.
C2 Assessing Nature-Related Risks – A Practical Framework
Getting started on assessing and quantifying nature risks, impacts and opportunities.
C2 Climate Litigation Exposures for Insurers
In development.
C2 Anti-Greenwashing for Executives & Underwriters (UK only)
An introduction to the greenwashing risks facing insurers and their clients, and how to get ahead of them.
Module 3: ESG Data in Insurance
E3 Linking ESG to Underwriting Performance
Discover the latest research linking the ESG credentials of insureds with insurance loss performance – and how this may influence underwriters’ risk selection and pricing decision in the future.
C3 Introduction to ESG Data and Ratings
Explore the complexities of the ESG data landscape and start developing an effective ESG data strategy relevant for your organisation. Includes an introduction to working with ESG ratings and capturing ESG data directly from brokers and clients.
C3 The Global Sustainability Disclosure Landscape
An overview of climate disclosure rules in the European Union, US, UK and other developed and emerging economies.
Module 4: Action Areas
E4 What Net Zero Means for Insurers
Decarbonising underwriting portfolios is a long-term project full of complexity and business challenges – here’s how to get started.
C4 The Path to Net Zero – Practical Steps
This course outlines the building blocks of a Net Zero strategy, from carbon accounting to client engagement.
E4 Resilience & Adaptation: Strategic Actions for Insurers
An introduction to the pivotal role climate adaptation must play in tackling climate change. This course explores practical steps insurers can take to drive climate adaptation through risk engineering, underwriting and claims.
C4 Building Physical Resilience
How to quantify a client’s exposures, then build the business case, and finance, risk mitigation and climate adaptation measures.
C4 How Insurance Supports the UN Sustainable Development Goals
Beyond climate action, how can insurance play a bigger role in fulfilling the social and economic aims set out in the UN Sustainable Development Goals?
C4 Tackling Modern Slavery
Learn about the risk of human rights abuses within the insurance value chain, plus two industry initiatives to help insurers identify and avoid modern slavery.
C4 The Role of Public-Private Partnerships
Coming soon. Exploring the ways insurers can collaborate with international governments, public entities and other organisations to build resilience through insurance-related solutions.
C4 The Role of Parametrics in Building Resilience
Coming soon. An introduction to the ways parametrics – a fast, simple alternative to traditional insurance – are increasingly being applied to protect communities from financial shocks.
C4 Developing Nature-Based Insurance Solutions
Coming soon. Case studies of insurance innovation supporting a nature-positive economy.
C4 The Role of Carbon Offsets
Coming soon. Learn how carbon offsetting can be used to complement broader emission reduction efforts, and how to choose the right offset schemes.