Climate Change Forum 2021

Airmic & Swiss Re Corporate Solutions

9 December 2020

Live Stream Event

Programme

9.00 – 9.15

Welcome and shared purpose of this Forum

Nigel Bamber
Key Account Manager, Director Regions
Swiss Re Corporate Solutions Services Ltd
John Ludlow
CEO
Airmic

9.15 – 9.45

Climate tipping points

Professor Tim Lenton
Professor of Climate Change and Earth System Science
Exeter University
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A ‘tipping point’ occurs when a small change in forcing triggers a
strongly non-linear response in the internal dynamics of a system,
qualitatively changing its future state. Tim will summarise recent
evidence regarding climate tipping points, which supports
declarations that we are in a ‘climate emergency’. He will also
show his latest results identifying a human climate niche and
projecting how it will move in the future. Then he will turn to
identifying positive social tipping points that will need to be
triggered to have any hope of limiting global warming to well
below 2 degrees Celsius.

9.45 – 10.15

Insights from an early mover corporation in addressing climate change

Martin Bertogg
Cat Perils & Cyber
Swiss Re Institute
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Climate change entered Swiss Re’s agenda as early as the mid
1970s, as an early notion on human climate impact triggered by
phases of extreme weather. Tracking a changing risk landscape
is at the core of any general insurer assuming extreme weather
risk on its balance sheet. In the meantime, an early notion has
turned into a major agenda item and is linked to Swiss Re
Corporate Solutions adopting a strong approach to Sustainability,
which is an omnipresent barometer in everything we do. Martin
will lead us through a learning journey of an early mover with a
broad external stakeholder group: to share some obvious but
also some unexpected research findings and learnings relating
to underwriting risk, asset management and the company’s own
operations.

10.15 – 10.30

Break

10.30 – 11.30

The Dragon’s Den: ‘elevator pitches’ addressing technology used to support climate change risk

Moderator: Alex Frost
Market Development Manager
Airmic
Adam Rimmer
Co-Founder
FloodFlash
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Avi Baruch
Head of BI and Analytics
Previsico
Lucy Coutts
Business Development Manager
Previsico
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Jacqueline Legrand
CEO and Founder
Maptycs
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Gethin Jones
Co-Founder and Director
Skyline Partners Ltd
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Growing digital disruption, relentless competitive pressure and
the growing consequences of a warming planet are pushing
existing and new risk and insurance providers into departing
from traditional ideas towards more innovative solutions. Will
these help to build our future? In this session, our audience will
take part in interactive elevator presentations from four leading
innovators with solutions designed to support the management
of climate risk and insurance. Audience participation will be
encouraged!

11.30 – 12:00

Decarbonisation – the time to act is now!

Professor Richard Clegg
Managing Director
Lloyd’s Register Foundation
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Trevor Maynard
Head of Innovation
Lloyd’s
Research Associate
Innovation
Lloyd’s
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Decarbonisation means reducing, and ultimately eliminating,
carbon dioxide emissions – but to keep within 2 degrees of
global warming we can only use one-fifth of fossil fuel reserves.
However, can opportunity be taken from adversity? This session
will provide an overview of decarbonisation, illustrated by
reference to a number of sectors.
The session will move on to consider the Maritime
Decarbonisation Hub and the Marine Solution Readiness Level
model, which is being developed by Lloyd’s Register Foundation
to look at the risks of the various pathways that can be taken to
2050, including technology, investment and community, in order
to assist stakeholders in identifying the risks. The session will
close with a focus on renewable energy.

12:00 – 12:30

Reporting requirements – how climate change will affect business

Moderator: Dr Paul Pritchard
Independent Consultant
Iken Associates
Rachael Johnson
Head of Risk Management and Corporate Governance, Professional Insights
ACCA Global
Jordane Terrasse
Director, Head of Group Corporate Sustainability Risk Management and Risk Transfer
London Stock Exchange Group
David Harris
Head of Sustainable Business
London Stock Exchange Group

The UK has a long history of innovation and resilience in the face
of adversity, and is a global leader in the fight against climate
change. Financial disclosures are a key part of tackling climate
change. The UK Government has confirmed its intention to make
climate-related disclosures aligned with those recommended by
the Task Force on Climate-related Financial Disclosures (TCFD)
mandatory for large UK companies and financial institutions by
2025, with a significant portion of mandatory requirements to be
in place by 2023. This session will explore how the requirements
could develop and the potential implications for UK companies
and risk professionals.

12.30 – 13:00

Break

13.00 – 13:45

Metrics – can we really quantify climate risks?

Moderator: Dr Beverley Adams
Consulting Director, Head of Catastrophe Resilience and Visual Intelligence, Strategic Risk Consulting
Marsh Advisory
Peter Sousounis
Vice President, Director of Meteorology, Research and Modeling
AIR Worldwide
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Yordanka Velichkova
Cat Perils Portfolio Lead
Swiss Re
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Katherine Klosowski
VP and Manager, Natural Hazards and Structures Engineering
FM Global
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With Task Force on Climate-related Financial Disclosures (TCFD)
and Environmental, Social, and Corporate Governance (ESG)
climate reporting fast approaching for many UK organizations,
this session will include a practical overview of some of the
strategies that can be employed for physical climate change
quantification and how these are included in catastrophe models,
tools and products. It will consider examples of which natural
disasters are most impacted by climate and macro trends, and
what insurers are doing about it. Proven resilience measures can
reduce physical property damage and business interruption
– in conclusion, examples of risk engineering solutions in practice
will be explored.

13.45 – 14:30

Climate change as a risk multiplier of the ‘S’ and ‘G’ in ESG

Moderator: Claire Combes
Airmic Board member and Chair, Airmic Risk Management Steering Group
Airmic
Gabrielle Durisch
Global Head of Sustainability for Commercial Insurance
Zurich
Stephen Licence
Group Chief Internal Auditor
Legal & General
Haydn Griffiths
Chief Information Security Officer and Head of Protection & Resilience
Allianz Global Corporate & Specialty

Facing a tough economic outlook, or the most severe economic
crisis in 300 years, as recently termed by the UK Chancellor,
high-quality companies are likely to be preferred by stakeholders.
The use of environmental, social and governance (ESG)
information has been increasingly part of stakeholder assessment
of organisations. This session will consider a selection of key
factors that are likely to be material next year through the lenses
of ‘E’, ‘S’ and ‘G’.

14.30 – 15:00

Outlook of priority areas for industry and government to ensure a transition to a green and climate resilient economy

Dr Swenja Surminski
Head of Adaptation Research Grantham Research Institute on Climate Change and the Environment
London School of Economics and Political Science (LSE)
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Swenja will give a keynote presentation on recent developments
in climate risk management, providing insights from her work on
promoting prevention and risk reduction through her concept
of a Triple Resilience Dividend, which she is currently applying
to a wide range of contexts, including a case study with the city
of Lowestoft on the UK’s east coast as part of the Zurich Flood
Resilience Alliance. Swenja will also share early findings from the
Third UK Climate Change Risk Assessment and close with an
outlook of priority areas for industry and government to ensure a
transition to a green and climate resilient economy.

15.00- 15.15

Closing note

Fred Kleiterp
CEO (EMEA)
Swiss Re Corporate Solutions (CorSo)

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Contact

For enquiries, please email enquiries@airmic.com