The financial services sector is absolutely critical for enabling us to reach the targets set by the Paris Agreement. The simple truth is that money talks, and when FIs cease to fund or insure polluting businesses, major changes can be achieved. There’s widespread adoption and acceptance of TCFD recommendations among FIs and therefore it’s critical that the recommendations are regularly updated to reflect the dire climate situation we’re facing and the latest science. The upcoming guidance is a great leap forward, both in terms of clarity and ambition level, but fact of the matter is that they could’ve been even more ambitious.
Read MoreWhere are all the InsurTech startups?
The European startup scene is crowded with FinTech startups but the vast majority is focusing on payments, savings, lending or PSD2 related opportunities. A lot fewer startups are aiming to disrupt insurance related services, even though the insurance industry is equally ripe for digital disruption as the banking industry.
Read MoreSelf-Driving Cars a Game Changer for Insurance Companies
How would you feel if 40% of your business would be at risk of slowly melting away? That’s exactly the situation most property and casualty (P&C) insurance companies are facing. Autonomous driving is despite all the social benefits an obvious threat to the bread and butter business of insurers.
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