Kiyoshi Fukuwatari (Japan)
Executive Research Officer, Research & Development Department - Sompo Japan Risk Management Inc.
Sustainable Business In The Insurance Industry - Acting On Climate Change
Climate change is a major issue of unprecedented proportion that will have far-reaching impact on the society and economy, as the phenomenon will trigger an increase in flooding, drought and other natural disasters. For the insurance industry, climate change poses a great risk to management because an increase in natural disasters will lead to an increase in insurance payment.
Taking their advantage as insurers, insurance companies should contribute toward the realization of a low-carbon society and a climate-resilient society through their core business by means of mitigation and adaptation strategies.