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Climate change is a strategic issue for the insurance sector. Left unchecked, climate change will continue to affect the actuarial assumptions underpinning the insurance products that our industry provides. It will also render significant proportions of the economy uninsurable, shrinking our addressable market. It is also material to the long term success of many of the companies and economies in which we invest. Over coming decades, climate change presents solvency issues to businesses in many different industries, including our own.
Aviva hosted the United Nations Principles of Sustainable Insurance event on 27 June 2014. Aviva Group CEO, Mark Wilson, addressed an audience of Insurers, Regulators and rating agencies, giving his views on how and why insurers should strive to be sustainable and unveiling a new report from Aviva Investorss
Three times a year Aviva surveys over 11,000 consumers globally to understand their circumstances. For the first time we are sharing a detailed analysis of this information for the UK and across Europe.