Leveraging Insurance Contracts for Climate Action

November 21, 2024, 4 - 5 p.m.
Dr. Franziska Arnold-Dwyer, University College London
The contractual relationships between an insurer and its policyholders contains enormous potential for insurers to support their policyholders to reduce environmentally harmful activities and take adaptation measures that make their property more resilient to climate risks. But there are important legal pitfalls here as well. This talk examines enabling approaches throughout the policy life cycle, including raising policyholder awareness of climate risk and climate change mitigation/adaptation measures, assessing policyholders’ climate-related risk profiles at the pre-contractual stage, price signalling, exercising influence through terms and conditions, and green claims and reinstatement.
Recommended Reading: Franziska Arnold-Dwyer, A Legal Framework for Net Zero Aligned Insurance Products, 29 Conn. Ins. L.J. 1 (2022-3).