AXA Climate Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/axa-climate/ Fri, 15 Mar 2024 04:37:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter https://insuranceasianews.com/hong-kong-federation-of-insurers-commits-to-carbon-neutrality-by-2050-with-climate-charter/ Mon, 04 Mar 2024 03:01:06 +0000 https://insuranceasianews.com/?p=147747 With 33 inaugural signatories, the climate charter introduces actionable goals across claims management, underwriting, societal engagement, investments, governance and disclosure.

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The Hong Kong Federation of Insurers (HKFI) has launched a voluntary climate charter to achieve carbon neutrality across scope 1, 2, and 3 greenhouse gases (GHG) by 2050 by making sustainability an in...

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]]> Directors & officers seek cover as climate risks enter boardrooms https://insuranceasianews.com/directors-officers-seek-cover-as-climate-risks-enter-boardrooms/ Thu, 04 Jan 2024 23:40:34 +0000 https://insuranceasianews.com/?p=143229 With mandatory ESG reporting deadlines fast approaching, there is growing demand for climate coverage as part of D&O policies, says Axa's Chelsea Jiang.

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Severe climate events are leaving their marks beyond buildings and increasingly palpable in corporate boardrooms, as more directors and senior executives are looking to hedge against climate risks thr...

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]]> Shanghai Insurance Exchange sets template for reinsuring Greater Bay Area climate risks: Axa’s Sally Wan https://insuranceasianews.com/shanghai-insurance-exchange-sets-template-for-reinsuring-greater-bay-area-climate-risks-axa/ Thu, 14 Dec 2023 23:30:22 +0000 https://insuranceasianews.com/?p=140149 Both Hong Kong and Shanghai have a role to play in helping (re)insurers manage risk and grow their P&C businesses, from climate to infrastructure risks, says the Greater China CEO.

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Extreme weather events such as typhoons Saola and Mangkhut that hit Hong Kong insurers with billions of claims have highlighted the need for more risk transfer mechanisms, a role that the new Shanghai...

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]]> WTW, Axa Climate roll out Asia’s first 4-peril parametric cover https://insuranceasianews.com/wtw-axa-climate-roll-out-asias-first-4-peril-parametric-cover/ Wed, 12 Jul 2023 09:56:12 +0000 https://insuranceasianews.com/?p=129257 The policy offers Sri Lankan shrimp farms protection against earthquake, typhoon, excess rainfall and heat stress.

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Global broker WTW has rolled out Asia’s first four-peril parametric cover provided by Axa Climate to protect Sri Lanka’s shrimp farms against weather risks, according to a company announcement.
The po...

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