Kita’s Post

Join me and James Kench, CFA of Kita for The Sustainable Finance Podcast (SFP) episode that will drop on Monday, July 1st for a discussion about the benefit of Kita's collaboration with the International Carbon Registry to VCM stakeholders. #carboninsurance #carbonmarkets #VCM

Insurance + Carbon Standards? That’s a yes ✅ Kita is delighted to be working with International Carbon Registry (ICR) to enhance the risk management frameworks within the Voluntary Carbon Markets, using the collaborative twin powers of Carbon Standards and Insurance to increase integrity, strengthen safeguards, and drive investment towards high-quality carbon projects. Following our recent announcement about risk management for buffers (Buffer as a Service, see here https://lnkd.in/eeNsr6dR), we’ve written an article that explores: 1️⃣ How 'risk shareholders' like Carbon Standards and insurance work together to provide rigorous scrutiny and frameworks by which quality projects can be assessed and monitored over time 2️⃣ The specific risks that insurance companies assess and protect against, and how insurance can offer greater security to market stakeholders 3️⃣ How the collaboration between Kita and International Carbon Registry brings benefit to VCM stakeholders 4️⃣ What can be done to encourage greater deployment of insurance policies across the VCM and the benefits this can bring Read the article, co-authored by Oli Torfason at ICR and yours truly here: https://lnkd.in/eeMKUGH5 And if you want to learn more, please join us on 16th July for a webinar that delves into how insurance bolsters the integrity and credibility of carbon credits. Register to join here: https://lnkd.in/eGBCmynq #carboninsurance #vcm Alondra Silva Muñoz Gudmundur Sigbergsson Paul Young

Insurance for Carbon Credits❓ Absolutely 🤝🛡️ ICR and Kita have teamed up to enhance the integrity of the Voluntary Carbon Market (VCM). 💚 Our goal is to develop products and services that bring integrity, trust, and confidence in the market. This approach has the potential to drive investment and scale up growth in high-quality carbon solutions. Together, we have co-authored an in-depth blog that explores: - Collaboration between GHG programs and insurance. - Risk assessment and protection by insurance companies. - Benefits for VCM stakeholders. - Encouraging broader adoption of insurance policies in the VCM. 📖 Read the article, co-authored by Oli Torfason at ICR and Natalia Dorfman at Kita, here: https://lnkd.in/eeMKUGH5 📣 Webinar Announcement 📅 On 16th July, we will also be hosting a webinar that delves into how insurance bolsters the integrity and credibility of carbon credits. Register to join here: https://lnkd.in/eGBCmynq More about our recent announcement with ICR about risk management for buffers: https://lnkd.in/eeNsr6dR #CarbonCredits #ClimateAction #SustainableFuture #VCMIntegrity #CarbonInsurance Gudmundur Sigbergsson Alondra Silva Muñoz

▶ On Tuesday 16th July, join Natalia Dorfman, CEO and Co-founder of Kita and Oli Torfason, COO of International Carbon Registry for a fireside chat and interactive discussion about the way in which insurance providers and registries can collaborate in innovative ways to increase integrity across the VCM. 🔎 Natalia and Oli will explore: 1️⃣ the synergy between insurance mechanisms and registry standards; 2️⃣ the ways in which insurance safeguards investments and enhances market efficiency; 3️⃣ the specific risks that insurance companies assess and protect against, and how insurance offers greater security to market stakeholders; and 4️⃣ how the Kita and International Carbon Registry are working together to bring benefit to VCM stakeholders. 📢 And we want to hear from you! The session will offer ample time to address your questions and comments about the sector. Feel free to post them below or bring them to the webinar on the 16th. 📝 Register here: https://lnkd.in/ev8BGjCE #carboninsurance #carbonmarkets #riskmanagement

Webinar alert! Insurance + Carbon Standards --> Oli Torfason and I will be covering all you need to know. Sign up here https://lnkd.in/ecaP2Myn to hear us discuss: 1️⃣ the vital synergy between insurance mechanisms and registry standards; 2️⃣ how insurance safeguards investments and enhances market efficiency; 3️⃣ the specific risks that insurance companies assess and protect against, and how insurance offers greater security to market stakeholders; and 4️⃣ how the collaboration between Kita and International Carbon Registry brings benefit to #voluntarycarbonmarket stakeholders. Gudmundur Sigbergsson Alondra Silva Muñoz Jana Phillips #carboninsurance #vcm

In the era of rising ESG risks, Directors & Officers insurance requires a fresh perspective. Dive into the evolving landscape with insights from industry leaders Hari Radhakrishnan of First Policy Insurance Brokers Pvt. Ltd. and Burzin Somandy of Somandy & Associates. #ESG #InsuranceEvolution #insurance #businessinsurance

Global Federation of Insurance Associations (GFIA) warns IAIS - International Association of Insurance Supervisors against ‘disproportionate’ focus on #climate risks The #insurance industry is overtly aware of the impact climate change is having on its activities across the globe. Global Federation of Insurance Associations (GFIA) therefore welcomed the opportunity to respond to a consultation by the IAIS - International Association of Insurance Supervisors on the supervision of climate risks in the insurance sector. In its response, GFIA raises concern about the proposed changes to the Insurance Core Principles (ICP) guidance and the supervisory material. GFIA is especially concerned on what it considers an, ‘excessive focus on climate risk in corporate governance, remuneration and risk management’ in comparison to the wide range of other risks facing the industry. The disproportionate focus on climate risks, for example, could potentially overshadow other critical investment, operational, and underwriting risks that can prove to be more dominant solvency concerns. Read our consultation response: https://lnkd.in/gmiKn5sJ

The insurance industry is playing an important role in the shift towards 🍃 a sustainable economy. In this article Andre Farrugia explores how the insurance industry is promoting sustainability and how sustainable practices are influencing insurance risk assessment and underwriting 👉 https://lnkd.in/d2iemMEy #mitcnews #sustainability #insurancepolicy #riskassessment

"In effect, SB 833 requires insurers that use ESG-related factors in their underwriting process to be able to link such factors to an ordinary insurance purpose, such as the rate of claims by similarly situated policyholders or an actuarial forecast of losses for similarly situated policyholders. To the extent an insurer can demonstrate the former, it should be positioned to mitigate any potential impact of SB 833 on its operations. However, regardless of whether laws such as SB 833 actually require insurance companies to change their current underwriting practices, as a consequence of the existence of such laws and pressure from the anti-ESG movement more broadly, we may see insurance companies change or re-evaluate their utilization of ESG-related factors in their underwriting approach, particularly as it relates to certain industries such as the fossil fuel industry." #riskmanagement #esg

The Financial Conduct Authority is stepping up its commitment to combat greenwashing with the introduction of the Anti-Greenwashing Rule (AGR), effective from 31 May ♻ How will this impact the insurance industry? Our latest article explores the impacts for (re)insurers as well as the steps for mitigating greenwashing risks ➡ http://maza.rs/6048iCNxA #Insurance #GreenFinance #Insights