Insuring The Future
September 10, 2024 | Hartford, CT
Climate & Risk Within The Insurance Industry
Title Sponsor:
The Connecticut Insurance Department (CID) and CT Insurance & Financial Services (CT IFS) are joining forces to merge their annual events, the Connecticut Conference on Climate Change and Insurance (C4i) and the Insurance Capitol Summit (ICS). This collaborative effort will bring together insurance regulators, government leaders, and industry experts to share insights on climate risk, innovation, and technology for Insuring the Future.
What is Insuring the Future?
Agenda
10:00 AM
10:20 AM
Keynote Speaker
10:00 AM
Session One: The Critical Role of Community Resilience in Climate Adaptation
Description: Investing in community resilience is crucial for managing the insurance implications of climate change. It not only helps in reducing risks and stabilizing insurance markets but also ensures the safety and economic stability of communities. Ignoring these measures will lead to severe financial and social consequences, underscoring the importance of proactive resilience strategies.
12:00 PM
Lunch
1:30 PM
Session Two: Innovative Risk-Based Mitigation: The Role of Insurance in Resilience and Nature-Based Solutions
Description: The involvement of insurance in risk-based mitigation and resilience projects is crucial for managing the impacts of climate change. It helps in reducing financial risks, ensuring economic stability, and promoting sustainable practices that benefit both insurers and communities.
2:30 PM
Session Three: Transition Planning: Importance, Challenges, and Impacts on States, Insurers, and Consumers
Description: Transition planning is essential for managing the insurance implications of climate change, ensuring market stability, regulatory compliance, and long-term viability for both insurers and consumers. While there are significant obstacles, effective planning, and the adoption of innovative solutions like parametric insurance can mitigate these challenges. This proactive approach helps in developing new products, adjusting coverage terms, and maintaining financial resilience in the face of climate-related changes.
3:30 PM
Break
4:00 PM
Session Four: Climate & Insurance: The Risks and The Social Good
Description: With 2023 citing $100b in cat losses, the industry’s first without a single event driving the total, the insurance industry and the general public concur that climate risk is the No.1 risk that concerns all. Whether new weather patterns, increasing population exposures, supply chain hangups and inflation, these perils provide new risks and opportunities for the insurer, insured and the common good.
5:00 PM
Closing Remarks
5:15 - 7:00 PM
Opening Remarks
Reception
Thank You To Our Title Sponsor!
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