Morning Briefing: United Nations calls on insurers to help shape sustainable future

United Nations calls on insurers to help shape sustainable future… Workers unsure of how to protect themselves in an emergency… New commercial insurance business information officer at AIG…

Risk Management News

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United Nations calls on insurers to help shape sustainable future
The secretary-general of the United Nations has called for the insurance industry to play an important role in shaping the world’s sustainable future. Speaking at a conference in New York Ban Ki-Moon said that the insurance sector is: “Well-placed to be a leader in risk-sensitive investments. As a major source of investment, much of it long-term, the insurance sector can and must play a strong role in shaping a more sustainable future.” He urged insurers to work with governments to reduce risks in climate change and disaster impact. He also called for the industry to consider the effect of climate change when making investments and noted that insurers have a unique insight into the cost of natural disasters.
 
Workers unsure of how to protect themselves in an emergency
Most workers feel safe in their working environment but a new survey suggests that almost a quarter would not know how to deal with an emergency in the workplace. The CareerBuilder study found that three in ten employees do not feel their workplace is well-protected from a physical threat from another person, and the same proportion feel their workplace is not well-protected from a digital hacking threat. Insurers will be reassured by the 85 per cent who feel their workplace is well-protected in case of a fire, flood or other disaster, and 83 percent feel their workplace is well-protected from weather-related threats.
However there is a gap between the feeling of protection being in place and a plan in case things still go wrong; 21 per cent say there is no emergency plan in place for fire, flood or other disaster; 40 per cent say they do not believe their workplace has a plan to deal with physical attacks from another person or cyber breach.
 
New commercial insurance business information officer at AIG
Annabelle Bexiga has been appointed commercial insurance business information officer at American International Group (AIG). She will take up her role in August and will be based in New York. Ms Bexiga joins from TIAA-CREF and will work to develop a world-class technology function to drive business growth, process excellence and innovation at the company. 
 

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