WTW Climate and Sustainability

Introducing the next generation of climate #risk technology at #Airmic2024: https://ow.ly/1SJA50S6sxG Get ready to quantify #climate change impact on your operations and assets with Climate Quantified™'s unprecedented precision. At #AirmicConference2024? Stop by WTW's stand, L24/25, for a demo with Álvaro Linares Fuster. 👉 Read the press release: https://ow.ly/Ickb50S6tlv 👉 Find out more: https://ow.ly/Nbfk50S6sxI Peter Carter, Ben Fidlow, Torolf Hamm, Matt Huxham #ASmarterWayToRisk #ClimateChange #ClimateRisk #WTWAirmic #RiskManagement #RiskIQ #Data #Analytics #ASmarterWaytoManageClimateRisk

Join Sarah Conway and Maya Dhanjal this Friday as they explore the design and benefits of the MAR Insurance Programme: https://ow.ly/BUBa50SC6Vi WTW created this innovative approach to provide timely funding for coral reef response to mitigate hurricane damage. Thanks to Mesoamerican Reef Fund for organizing this webinar. We're looking forward to an insightful discussion! Register for the event: https://ow.ly/Evw750SC9KO Learn how we can help you find a smarter way to manage disaster risk: https://ow.ly/oIOw50SC6Vj #ClimateRisk #DisasterRiskFinance #DRF #ParametricInsurance #DisasterRiskManagement #ClimateResilience #NatCat #RiskTransfer #ASmarterWayToRisk #ASmarterWayToManageClimateRisk

Free webinar: Net zero: How to pivot from a reactive to a strategic approach - Wednesday 17 July 11:00am-12:00pm BST https://ow.ly/V3zA50SyWrv The final session in our #climate series, hosted by Matt Huxham, will help you pivot your transition planning from a reactive to a strategic one to help you identify, quantify and manage your most material downside risks while taking advantage of potential opportunities. Our WTW Training Academy sessions are free to attend and offer Continuing Professional Development (#CPD) points, so whether you are a WTW client or not, we offer you a perfect opportunity to refresh and expand your knowledge. Register your place now. #WTWTrainingAcademy #TrainingAcademy #RiskManagement #Insurance #ASmarterWayToRisk #ClimateRisk #ClimateChange

By 2025, Asia alone is predicted to account for US$0.93 trillion of uninsured risks as the global protection gap continues to trend upwards. Parametric #insurance can offer a quick alternative or complement the traditional insurance products in reducing risk exposure by covering areas not insured by traditional insurance. It helps to minimise losses from climate-related disasters which #Asia is particularly vulnerable to as the region remains the fastest-warming region as the world heats up, with temperatures rising more rapidly than the global average. Speaking to Eco-Business, Christopher Au says, "This allows for a fast payment following the insured event for immediate recovery, whilst the full amount of damage can be assessed subsequently." Read for more: https://ow.ly/Co4O50Sv7f1 #RiskManagement #ClimateRisk

As UK communities navigate increasing #climate challenges like flooding and heat, some are also leading the way towards a more sustainable, resilient and equitable world. Ahead of London Climate Action Week, some of our GB colleagues explored Poplar, a neighbourhood near WTW's London Lime Street office, on a sustainability-themed walking tour. We visited innovative sites like R-Urban, a disused car park now transformed into an eco-civic hub with garden beds, a mushroom farm, and an anaerobic digester. Another stop was Poplar Works, where a once underutilised garage now serves as fashion studios offering workshops and training for local residents and small businesses. Special thanks to our hosts Alex Jeremy and Daniel Lynch from Poplar HARCA, and Bethan Mobey at Wen (Women's Environmental Network) for sharing an overview of the Just FACT (Food and Climate Transition) partnership! Kate Stein, Jessica Cunningham, Kate Tuetken #LCAW2024 #ClimateResilience #Sustainability #Community #ClimateChange

WTW is pleased to announce the publication of our second annual sustainability report, Taking Action to Create Sustainable Value. Over the last year, we have continued to innovate for our clients and help them to drive sustainable success while progressing sustainability in our own business operations. Read WTW’s 2023 Sustainability report here: https://ow.ly/pfNZ50SrGl6 #WTWLife #Sustainability #SustainabilityReport

Regional disaster #risk pools play a crucial role in safeguarding economies and communities from natural hazards. These pools, which operate in the interest of governments and the public, must carefully balance business strategies with social objectives amidst escalating climate risks and evolving #insurance markets. We are proud to collaborate with these risk pools and the Global Shield Solutions Platform to enhance their adaptability to market changes and bolster resilience against #climate risks. Find out more: https://ow.ly/AaZ850SpR4e Viktoria Seifert, David Simmons, Simon Young African Risk Capacity (ARC) Group | CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) | Pacific Catastrophe Risk Insurance Company (PCRIC) | SEADRIF Insurance Company | Global Shield against Climate Risks

Severe convective storms (SCS) made a sizable impact on the (re)insurance industry in 2023, causing more than $50 billion in claims for the U.S. alone, accounting for more than half of all global insured losses. https://ow.ly/oqO550Spo8Q During the past few decades, SCS-related losses have steadily increased largely due to exposure growth. But how have the frequency and severity of SCS themselves changed during that period. Until now, it has been difficult to answer these questions because of the intrinsic nature of SCS hazards and the way we have recorded their occurrence but new research by Michael Tippett and Kelsey Malloy, PhD of WTW Research Network's long standing partners Columbia University have leveraged what we know about broad-scale atmospheric conditions to uncover previously unknown trends in one of the most important kinds of SCS hazards: tornado ‘outbreaks’. #WTWResearchNetwork #SCS #SevereConvectiveStorm #Tornado #NaturalCatastrophe #NatCat #RiskManagement

How can you strengthen resilience to climate change and natural hazards with disaster risk finance? https://ow.ly/4QVf50Sp66w As #climate change intensifies, so does the frequency and severity of natural hazards like droughts, floods and cyclones. These challenge the safety and economic stability of communities worldwide. Get in touch to find out more about our specialist disaster risk analytics, strategic advisory services and disaster risk finance solutions tailored to enhance disaster preparedness and response capabilities. Viktoria Seifert, Sarah Conway, Simon Young, David Simmons #ASmarterWayToRisk #ClimateRisk #DisasterRiskFinance #DisasterRiskManagement #EcoRes #ClimateResilience #ParametricInsurance #NatCat #RiskTransfer #DRF #ASmarterWayToManageClimateRisk

With the upcoming release of WTW’s Natural Catastrophe Review for January to June 2024, this session will delve into the significant natural catastrophe events that marked the first half of 2024 https://ow.ly/VS6L50SopUi #WTWResearchNetwork are excited to host Guy Schumann and Chloe Campo from RSS-Hydro who will discuss the recent record-breaking wildfires in Texas, examining the roles of climate change and human factors. Additionally, James Done from the NSF NCAR - The National Center for Atmospheric Research will provide his insights on the upcoming 2024 North Atlantic hurricane season, which has been forecasted to be significantly above average. #OutsmartingUncertainty #NatCat #NaturalCatastrophe #Earthquake #Volcano #Flood #WIndstorm #Hurricane #HurricaneAlberto #Tornado #Cyclone #RiskManagement #Climate