Joining other insurance bigwigs, RSA chief financial officer Scott Egan has been appointed to a global body that aims to strengthen the industry’s voice around climate change mitigation and adaptation.
The insurance giant said Egan has joined the ClimateWise Insurance Advisory Council, which was established following the Paris Agreement in December 2015 that limits planetary temperature rises to below two degrees centigrade.
As part of the council, RSA said it will work with regulators to fully understand the challenges and opportunities associated with countries’ zero-carbon and climate-resilient transition.
RSA said it will also help identify areas where insurance can support other parts of the financial system in response to climate risks.
“Climate change and the role that the insurance industry can play to mitigate and adapt to changing environmental risks and opportunities is something I feel strongly about,” Egan said.
“I look forward to working with the council to accelerate action and drive behaviour change to ensure a smooth transition to a low-carbon, resilient society,” he added.
The council, which is led by
Aviva global general insurance chairman Maurice Tulloch, will convene bi-annually, with its first meeting slated for November.
Other members of the council include
Allianz UK CEO Jon Dye,
Aon UK CEO Dominic Christian, Lloyd’s CFO John Parry,
Swiss Re chairman Martyn Parker and Association of British Insurers director general Huw Evans.
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