Global industry leaders set up the Net-Zero Insurance Alliance
According to the Net-Zero Insurance Alliance, insurers and reinsurers will individually set science-based targets every five years and report on their progress annually.
Eight global insurers and reinsurers have founded an UN-convened Net-Zero Insurance Alliance (NZIA), committing to adapting their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050.
Chaired by Axa, the founding members of the NZIA also include Allianz, Aviva, Generali, Munich Re, Scor, Swiss Re and Zurich Insurance Group.
Thomas Buberl, CEO of Axa Group, commented: “Through the Net-Zero Asset Owner Alliance launched in 2019, insurers and
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