Santam Joins global initiative - 02 Sep 2009 11:44
South African short-term insurer Santam joined ClimateWise to address climate change, Santam will now have a voice at the UN climate change negotiations in Copenhagen in December this year. Executive Head of Risk Services at Santam, Hendri Nigrini said: “As a society we need to reduce the risk of environmental catastrophes occurring in the longer term and that there are limits as to how much climate risk can be transferred to the insurance industry.”
ClimateWise members are now on three continents, Europe, North America and Africa and Santam is the first South African and African insurance company to join ClimateWise.
There is a climate crisis which poses a systemic risk to the global economy and which must be tackled now. “Climate change demands an urgent and transformational change in the way we manage our global economy and every small act is important, as it all adds up”, said Andrew Torrance the ClimateWise Chairman.
ClimateWise's members, leading insurance industry participants drawn from right across the globe, understand the need for action and will continue to influence the global debate to achieve this.
South African short-term insurer Santam joined ClimateWise to address climate change, Santam will now have a voice at the UN climate change negotiations in Copenhagen in December this year. Executive Head of Risk Services at Santam, Hendri Nigrini said: “As a society we need to reduce the risk of environmental catastrophes occurring in the longer term and that there are limits as to how much climate risk can be transferred to the insurance industry.”
ClimateWise members are now on three continents, Europe, North America and Africa and Santam is the first South African and African insurance company to join ClimateWise.
There is a climate crisis which poses a systemic risk to the global economy and which must be tackled now. “Climate change demands an urgent and transformational change in the way we manage our global economy and every small act is important, as it all adds up”, said Andrew Torrance the ClimateWise Chairman.
ClimateWise's members, leading insurance industry participants drawn from right across the globe, understand the need for action and will continue to influence the global debate to achieve this.