The International Union of Marine Insurance (IUMI) is urging underwriters to join in on the action to prevent climate change or end up picking up the bill for the destruction it causes.
The association has added environmental social and governance (ESG) strategies to its list of priorities over the coming years as it sees climate change-related claims soar.
Speaking at IUMI’s “virtual” Stockholm conference today, IUMI president Richard Turner said the marine insurance sector is the insurance sector “most exposed” to climate change among non-life insurance lines.
