Carbon offsetting: the insurance use case featuring AXA XL, Howden and Convex
Carbon offsetting plays a fundamental role in reaching global decarbonisation goals. By 2030, the market is predicted to reach $40 billion. However, complex risks threaten the ability to scale rapidly.
Insurance has a vital role to play. To support the market, new product lines must be developed to provide coverage against a range of relevant risks. Insurers can also utilise carbon offsetting to reach their own net-zero goals.
This report will examine the current state of the voluntary carbon market, what solutions are available to reach net-zero, and how insurers can offer new products to support investment into carbon offset projects.
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InsTech’s latest report will help you to:
- Understand which carbon credits are high-quality and how to use them to reach net-zero targets
- Learn what carbon products insurers, brokers and MGAs are already offering
- Identify how existing data and technology for the carbon markets can be used to support new insurance products
- Stay ahead of trends by understanding future opportunities within data, remote sensing and new carbon products and services
Featuring contributions from:
- Katie Lennon, Head of ESG, UK & Lloyd's, AXA XL
- Charlie Pool, Head of Carbon Insurance, Howden
- Rachel Delhaise, Head of Sustainability, Convex
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