The insurance industry continues to bear the brunt of climate change and other sustainability-related risks. According to Aon’s 2021 Weather, Climate and Catastrophe Insight, it is estimated that the losses associated with climate aggravated catastrophes reached $130 billion in 2021 and has being growing over the last couple of years.
Liability claims are also on the increase arising from proceedings for failures in mitigation and adaptation, greenwashing, disclosure, negligence and human rights issues.
