"Whether it’s reducing the protection gap, financing resilient infrastructure or improving risk management ... your contributions could be decisive." Mark Carney's message to the insurance sector at the UN 's Climate Action Summit.

We know climate risk has considerable financial implications for the insurance sector. According to Munich re insured losses in 2018 were $80 billion, double the inflation-adjusted average for the past 30 years.

Conversely, by understanding these risks, opportunities can be unlocked. Lloyds of London released a report in 2017 demonstrating that natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls and other grey infrastructure, and could be around 30 times cheaper.

This round table, convened by We Value Nature and ICAEW's Financial Services Faculty, is a chance for representatives from the insurance sector to come together to discuss what challenges are most pressing, and how We Value Nature (a three year campaign funded by the European Commission) can provide support to address them.

The morning will be tailored to your needs and provide space to exchange knowledge and expertise.

We look forward to welcoming you on the 22nd.

Agenda to follow.

Insurance Round Table