WEBVTT 1 00:00:00.008 --> 00:00:02.591 (gentle music) 2 00:00:05.130 --> 00:00:08.488 For insurers, net zero isn't just a climate imperative, 3 00:00:08.488 --> 00:00:10.230 it's a business one. 4 00:00:10.230 --> 00:00:14.189 By 2050, 66% of the property and casualty market 5 00:00:14.189 --> 00:00:16.680 will have shifted to green assets. 6 00:00:16.680 --> 00:00:18.690 And that's just in the UK. 7 00:00:18.690 --> 00:00:21.690 Across the globe, businesses and individuals 8 00:00:21.690 --> 00:00:24.870 are accelerating the pace of climate transition. 9 00:00:24.870 --> 00:00:26.850 To hit their net-zero targets, 10 00:00:26.850 --> 00:00:28.410 companies across industries 11 00:00:28.410 --> 00:00:32.130 will need to sell, scrap, or repurpose old assets 12 00:00:32.130 --> 00:00:35.640 in favor of low-carbon, clean-tech solutions. 13 00:00:35.640 --> 00:00:39.234 This will require up to $150 trillion in investments 14 00:00:39.234 --> 00:00:41.520 across industries. 15 00:00:41.520 --> 00:00:44.215 Insurers are in an ideal position 16 00:00:44.215 --> 00:00:46.650 to foster this transformation. 17 00:00:46.650 --> 00:00:49.080 In the way they price, they advise, 18 00:00:49.080 --> 00:00:51.120 they manage claims payouts, 19 00:00:51.120 --> 00:00:53.700 insurers command huge difference. 20 00:00:53.700 --> 00:00:56.130 But most leaders we speak to 21 00:00:56.130 --> 00:01:00.210 acknowledge their organizations are moving too slowly. 22 00:01:00.210 --> 00:01:03.270 One obstacle is setting the right focus 23 00:01:03.270 --> 00:01:05.583 and knowing which areas to prioritize. 24 00:01:06.480 --> 00:01:10.020 Another, is the lack of reliable references, 25 00:01:10.020 --> 00:01:12.240 different rating agencies, 26 00:01:12.240 --> 00:01:15.360 international standards, and data providers 27 00:01:15.360 --> 00:01:18.870 required to navigate climate conventions. 28 00:01:18.870 --> 00:01:22.140 But the biggest is the lack of a clear roadmap. 29 00:01:22.140 --> 00:01:24.810 A net-zero strategy that will help insurers 30 00:01:24.810 --> 00:01:26.350 sizing the total opportunity 31 00:01:26.350 --> 00:01:29.010 and sequence the actions to capture it. 32 00:01:29.010 --> 00:01:31.560 This is the time to change that. 33 00:01:31.560 --> 00:01:34.830 Our latest article, "The Net-Zero Insurer" 34 00:01:34.830 --> 00:01:36.813 shows you how to start the journey.