ClimateWise

Allianz is a founding member of ClimateWise, the collaborative insurance industry initiative to tackle climate change. As members, we have committed to publish to statement as part of annual reporting; detailing actions we have taken to comply with the ClimateWise Principles. This annual statement is central to the continuing credibility of the initiative. It serves to hold members to account as well as acting as a show-case for the efforts of members to demonstrate progress. All member statements are independently reviewed by a third party and analysed in accordance with the Principles. All members are ranked in a performance table and receive feedback from the review, which provides recommendations for further improvement.

In 2010 Allianz has contributed to two of the first collaborative projects by ClimateWise members: Sustainable Claims Management, which aims to identify how the insurance industry as a whole can reduce the environmental costs of the claims process. And The Role of Insurers in Adaptation, which aims to explore the role of insurers in increasing customer resilience to weather events by focussing on real world case studies of actions that are already being taken around the world.

These projects represent a milestone in the evolution of ClimateWise and the membership. By working together, members are demonstrating their collective commitment to tackling climate change as an industry. By drawing on each others’ relative strengths the industry will be better equipped to tackle climate change.