— May 2022

The World Property & Casualty Insurance Report 2022

Future-Focused Insurers see Climate Change as an Opportunity

Climate change is significantly impacting people and business. Insured natural catastrophe losses have increased by 360% within the past 30 years. It has upended traditional coverage, underwriting and investment dynamics as policyholders seek protection and peace of mind. Insurers need to position themselves to generate deeper customer trust and offer personalized solutions tailored to individual needs.

Highlights from the 2022 Capgemini and Qorus World Property and Casualty Insurance Report of 270 insurance executives and nearly 5000 consumers:

  • Policyholders are conscious of climate change; 73% rank it among their top concerns
  • Insurers are in tune with customers. About 40% rank climate change as a top priority with profitability and insurability emerging as leading issues
  • While most insurers acknowledge climate change impact, many have yet to develop a climate resilience strategy

Find out more

— Webcast

World Property and Casualty Insurance Report Webcast

Watch our webcast to learn how insurers focused on building climate-resilient business models are generating deeper customer trust while boosting their relevance and profitability. Featured speakers include Hanno Mijer, Global Head, Zurich Resilience Solutions, Nick Allain, Head of Marketing, Zesty.ai and Shivani Govil, Chief Product Officer, CCC Intelligent Solutions.

In this webinar, our guest speakers and experts discussed:

  • The climate resilience opportunity
  • How Climate Resilience Champions are changing their operating models to better serve customers
  • Strategies to embed climate resiliency in corporate strategy
Watch the Webcast

— Partner with Capgemini

Build the foundation to drive a sustainable and climate-resilient future

As ESG gains momentum, sustainability in the insurance industry is becoming integral to activities across the value-chain. Capgemini helps insurers build the right foundation to manage climate risk, identify sustainability linked growth opportunities, and monitor stakeholder interactions.

Find out more

Related resources

Recent Content

— September 2022

Stemming a rising tide: How insurers can close the flood protection gap

A climate risk report by the Insurance Information Institute (Triple-I) and Capgemini.


— August 2022

Solving for Climate Change: It Takes an Ecosystem

Climate change is a historical opportunity for the insurers to live their purpose and lead other industries in the battle for the planet.



— August 2022

Solving Climate Change Starts with C-Suite Leadership

The associated economic losses — up by 250% in the last three decades, with natural catastrophes producing a 3.6x increase in insured losses — are cause for alarm.


— July 2022

How Insurers Are Countering Climate Change by Building Resiliency

Climate change is a top concern for policyholders and insurers worldwide. 73% of policyholders rank climate change among their top concerns.


— July 2022

Sustainable underwriting: How insurers can account for ESG risks and enable dynamic pricing

By integrating more data from a more diverse range of sources and automating workflows, insurers can develop meaningful ESG scores for rating and pricing risk.

 

— January 2022

The data-powered insurer: Unlocking the data premium at speed and scale

Data is a mainstay for insurance organizations, but becoming data-powered is easier said than done and competition from InsurTechs is on the rise. So, how can insurance organizations transform into data-powered enterprises?

Our experts

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