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Zurich and NIBA launch climate risk survey

  • by The Quotesonline Team
Zurich Financial Services Australia (Zurich), in conjunction with National Insurance Brokers Association (NIBA), has released its second annual climate risk survey to insurance brokers.
“With an emissions trading scheme ‘on hold’ and with increased weather events such as bushfires, droughts and floods, we want to assess on behalf of the industry what climate change really means for brokers and their clients, “explained Zurich’s National Intermediary Distribution Manager Nick Cook.
“As an industry we need to deal with the impact of climate change. Brokers, in particular, need to be aware of the risks and we, in the industry, need to develop ways to impart our knowledge to clients. At Zurich, we continue to take a leadership role within the insurance industry on climate change, and we continue to work with brokers on identifying the risks and opportunities,” he said.
Mr Cook also said it will be interesting to see whether the Government’s stance on climate change has impacted the outlook of brokers. “However, regardless of the political signals, the insurance industry can play a central role in increasing its own and society’s resilience to climate change risks from a risk management point of view.”
After the 2009 survey that saw over 10 per cent of brokers from all over Australia expressing their opinion, we are keen to see if brokers’ views have changed or consolidated, and whether their awareness of climate change and related risks has increased or decreased,” he added.
The survey is also available at The findings of the 2010 Zurich-NIBA Climate Risk Survey will be presented at the NIBA Convention in October.

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