The IMO has set out ambitious targets for decarbonising the shipping industry but a lack of experience data means insurance pricing is likely to be reactive instead of proactive.
Global product will cover carbon credits with delivery dates up to five years in the future, helping to support the development of a more liquid forward market.
Swiss Re Foundation launches SHINE programme in Southeast Asia to support early-stage social enterprises tackling natural hazards, climate risk, and healthcare access.
Asia's insurers performing better than North American firms, but, despite some progress, world's largest insurers remain far from their sustainability goals, ShareAction says.
