Corporate Responsibility Report 2019 2
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Annual Report
Annual Report 2006–2007 Group of Thirty 30 Group of Thirty, Washington, DC Copies of this paper are available from: Group of Thirty 1726 M Street, N.W., Suite 200 Washington, DC 20036 Tel.: (202) 331-2472, Fax (202) 785-9423 E-mail: [email protected] WWW: http://www.group30.org Annual Report 2006–2007 Published by Group of Thirty© Washington, DC 2008 Table of Contents I. Introduction ..................................................................................... 5 II. The Group of Thirty Membership ................................................... 7 III. The Work of the Group of Thirty in FY2006 and FY2007 ........... 13 Plenary Sessions .......................................................................... 13 International Banking Seminars ................................................. 13 Study Group Activities ................................................................ 14 Publications ................................................................................. 16 IV. The Finances of the Group .......................................................... 19 Annex 1. Past Membership of the Group of Thirty .......................... 31 Annex 2. Schedule of Meetings and Seminars: .............................. 33 Annex 3. International Banking Seminars ...................................... 35 Annex 4. Plenary Sessions ............................................................... 37 Annex 5. The Group of Thirty (G30) Study on Reinsurance and International Financial Markets ............................................ -
Climate Action Plan Executive Summary
Climate Action Plan Executive Summary Commission on Climate Change August 2008 Executive Summary climate action plan • 3 Report Overview n April 20, 2007, Governor Martin O’Malley signed Executive Order 01.01.2007.07 (the Order) establishing the Maryland Commission on Climate Change (the Commission). Sixteen State agency heads and six members of the General Assembly comprise the Commission. The principal Ocharge of the Commission is to develop a Plan of Action (the Climate Action Plan) to address the drivers of climate change, to prepare for its likely impacts in Maryland, and to establish goals and timetables for implementation. The Order emphasized Maryland’s particular vulnerability to climate change impacts of sea level rise, increased storm intensity, extreme droughts and heat waves, and increased wind and rainfall events. It recognized that human activities such as coastal development, burning of fossil fuels, and increasing greenhouse gas (GHG) emissions are contributing to the causes and consequences of climate change. While noting Maryland’s recent climate initiatives, the Order emphasized that continued leadership by example by Maryland State and local governments is imperative. The Commission is supported by three Working Groups whose members were appointed by the Commission Chair, Shari T. Wilson, Secretary, Maryland Department of the Environment (MDE): Scientific and Technical Working Group (STWG), chaired by Donald Boesch, President, University of Maryland Center for Environmental Science, and co-chaired by Frank W. Dawson, Assistant Secretary of Maryland’s Department of Natural Resources (DNR); Greenhouse Gas and Carbon Mitigation Working Group (MWG), chaired by George (Tad) Aburn, Director of MDE’s Air and Radiation Management Administration, and co-chaired by Malcolm Woolf, Director, Maryland Energy Administration (MEA); and Adaptation and Response Working Group (ARWG), chaired by John R. -
Second Progress Report on the German Strategy for Adaptation to Climate Change (DAS)
Second Progress Report on the German Strategy for Adaptation to Climate Change (DAS) CONTENTS A. The German Adaptation Strategy (DAS): objectives, principles and processes ............................... 4 A.1. The DAS: principles and objectives ................................................................................................................. 4 A.2. The DAS reporting cycle ................................................................................................................................. 5 A.3. The DAS, APA and Progress Report in review ................................................................................................. 8 A.4. European Union and international integration ............................................................................................ 11 B. Current findings and results ........................................................................................................ 13 B.1. Monitoring: climatic changes, impacts and adaptation responses ............................................................. 13 B.2. Vulnerability assessment ............................................................................................................................. 18 B.3. APA II implementation and APA III preparation process .............................................................................. 33 B.4. Adaptation measures by other actors .......................................................................................................... 35 B.5. Evaluation of -
TAL Life Boosts Revenue, Strips Internal Costs, and Serves Advisers and Customers with Amazing Speed
TAL Life boosts revenue, strips internal costs, and serves advisers and customers with amazing speed Automation Solutions The Insurer Not-taken-up rates remained The traditional roots of TAL Life unchanged, and losing sales through Limited (TAL) go as far back as underwriting was unacceptable to 1869 when it began as the New advisers and TAL. Zealand Government Life Office. Later known as TOWER Life, it To make matters worse, customers acquired several Australian life were ending up without the insurance companies during the coverage they needed, and some 1990s. Dai-ichi Life Insurance walked away disillusioned with the Company Limited of Japan became process. Advisers demanded a better a minority shareholder in 2008, and faster solution. Any failure to Automation Solutions moving to full ownership in May satisfy changing needs risked TAL Munich Re 2011, when the company became losing pace as a market leader. Mountain View, Central Park, known as TAL Life. Dai-ichi is the Leopardstown, Dublin 18, second largest life insurer in Japan According to David Denison, Head Ireland. and seventh largest in the world with of Product at TAL, “Our objective Tel: + 353 1 293 2888 assets nearing AUD$400 billion. was to launch a completely new and Automation Solutions Japan Its operations in Japan, Australia, revolutionary customer and adviser Munich Re Vietnam, India, and Thailand employ proposition, to turn underwriting Sanno Park Tower 13F, 57,000 direct staff and 40,000 times on their head. We wanted 85 PO Box 13, 2-11-1 Nagatacho, representatives. percent of underwriting decisions Chiyoda-ku, Tokyo 100-6113, accomplished within three days.” Japan. -
Integrating Insurance Into Climate Risk Management
INTEGRATING INSURANCE INTO CLIMATE RISK MANAGEMENT Conceptual Framework, Tools and Guiding Questions: Examples from the Agricultural Sector HOSTED BY Authors Gaby Ramm (Munich Climate Insurance Initiative − MCII advisory group member) Kehinde Balogun (Munich Climate Insurance Initiative − MCII) Matthias Range (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH − GIZ) Co-authors Maxime Souvignet (MCII) We thank our contributors for their • Olu Ajayi (Technical Centre for Agricultural and Rural Cooperation − CTA) strong partnership and dedication • Florent Baarsch ( International Fund for Agricultural Development – IFAD) to provide in-depth feedback as • Daniela Bohl (GIZ) Peer Reviewers to this document: • Toon Bullens (Microinsurance Association Netherlands − MIAN) • Emily Coleman (IFAD) • Massimo Giovanola (IFAD) • Michael Hamp (IFAD) • Rachael Hansen (MCII) • Jon Hellin (International Maize and Wheat Improvement Center − CIMMYT) • Peter Hoeppe (MCII Chairman) • Vilma Hossini (Bundesanstalt Technisches Hilfswerk − THW) • Rhea Katsanakis (United Nations International Strategy for Disaster Reduction − UNISDR) • Nina Koeksalan (Food and Agriculture Organization – FAO) • Soenke Kreft (MCII) • Thomas Loster (Munich Re Foundation) • Jennifer Phillips (MCII) • Sandra Schuster (GIZ) • Mia Thom (Centre for Financial Regulation and Inclusion − CENFRI) • Branko Wehnert (GIZ) • Sebastian Wiegele (GIZ) • Michael Zissener (MCII) • Sabrina Zwick (MCII) 2 Abstract Today, emerging new risks from climate change and increasing GmbH (GIZ) have -
Munich Re Specialty Insurance a Claims Team Like No Other
Munich Re Specialty Insurance A claims team like no other We have what it takes to handle Legal Professional Liability and Miscellaneous Professional Liability claims professionally, efficiently, and expertly. The MRSI Claims team has decades of experience in professional lines and understands your business innately. Our team includes licensed attorneys with trial experience, and we are experts in claims strategy and litigation management. Most importantly, we handle your claims with the utmost diligence and professionalism. Our E&S professional liability team knows the importance of a close partnership between underwriting and claims. Because of this, we speak your language and can protect you by foreseeing claim pitfalls. Your MRSI team Mary Beth McClellan Chuck Kroh Chief Claims Officer Head of Core Specialty and P&C Claims MRSI [email protected] [email protected] Melanie Brown Bill Quackenboss Head of Complex Claims Claims Practice Lead MRSI [email protected] [email protected] Ed Kozel Sarah Gurka Claims Practice Lead Claims Manager [email protected] Public Entity and Financial and Professional Lines [email protected] Mary Beth McClellan is MRSI’s Chief Chuck Kroh is MRSI’s Head of Core Bill Quakenboss is MRSI’s Claims Claims Officer. Mary Beth has a wealth of Specialty and P&C Claims. Chuck has Practice Lead. Bill has nearly 20 years of knowledge in insurance, claims, and headed Specialty Markets claims for over experience in advising on coverage litigation management spanning North 10 years, with 20 years of claims matters and claims-handling practices. America’s P&C markets. Prior to joining management expertise. Chuck has over Prior to joining MRSI, Bill served as an MRSI, she was Practice Leader for the 35 years of insurance industry Associate General Counsel at Markel Americas at AXA XL for Excess & experience, and manages with an Insurance, where he provided guidance Surplus, Global Programs, U.S. -
CDP Climate Change Questionnaire 2018
CDP Climate Change Questionnaire 2018 Page 1 CDP Climate Change Questionnaire 2018 C0 Introduction Introduction (C0.1) Give a general description and introduction to your organization. Response options This is an open text question. MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. MetLife is providing the answers to this Questionnaire at the request of CDP. The statements contained herein do not constitute warranties, guarantees, obligations or commitments. Any forward-looking statements contained herein are based on present knowledge and circumstances, may turn out to be incorrect and are not guarantees of future performance. MetLife is not obligated to correct, revise or update information given in this Questionnaire. (C0.2) State the start and end date of the year for which you are reporting data. Response options Please complete the following table. You are able to add rows by using the “Add Row” button at the bottom of the table. 2017-01-01 - 2017-12-31 (C0.3) Select the countries for which you will be supplying data. Response options Please complete the following table: Page 2 Country Hong Kong Greece Select all that apply: India Hungary [Country drop-down list] Japan Ireland Brazil Malaysia Italy Chile Nepal Poland Argentina South Korea Portugal Australia Vietnam Romania Bangladesh Bulgaria Russia Colombia Cyprus Slovakia Ecuador Czech Republic Spain Mexico France Turkey United States of America China Oman Uruguay Ukraine Qatar Egypt United Kingdom Saudi Arabia Jordan Bahrain United Arab Emirates Kuwait Lebanon (C0.4) Select the currency used for all financial information disclosed throughout your response. -
Report International Conference on Inclusive Insurance 2020 Digital Edition
Report International Conference on Inclusive Insurance 2020 Digital Edition Edited by Zahid Qureshi and Dirk Reinhard Report International Conference on Inclusive Insurance 2020 — Digital Edition Conference documents and This report is the summary of the Inter- presentations are available online: national Conference on Inclusive Insur- ance — Digital Edition, which took place from 2 to 6 November 2020. Individual summaries, in various styles, were contributed by a team of international www.inclusiveinsurance.org rapporteurs. Readers, authors and organisers might not share all opinions expressed or agree with the recommen- dations given. These, however, reflect the rich diversity of the discussions. Over 70 speakers participated in the conference. Report International Conference on Inclusive Insurance 2020 — Digital Edition 1 Contents 1 Contents 31 Agenda 61 Agenda 2 Foreword Day 3—4 November 2020 Day 5—6 November 2020 3 Acknowledgements How to reach scale and develop Lessons learnt and next steps 4 Participant overview inclusive insurance markets 62 Session 16 5 Agenda 32 Session 8 Technology driving Day 1—2 November 2020 Integrated risk inclusive insurance Inclusive insurance management solutions amidst a pandemic 65 Session 17 36 Session 9 The ups and downs of 6 Session 1 How digitisation can inclusive insurance: Opening of the conference — spur market growth Learning from experience The landscape of inclusive insurance 2020 39 Session 10 68 Session 18 Lessons learnt from Outlook: What will be the next 9 Keynote national strategies milestones -
Pioneering Cyber Insurance: Munich Re Partners with Google Cloud and Allianz
Munich Media Release 2 March 2021 Pioneering cyber insurance: Munich Re partners with Google Cloud and Allianz ▪ Combination of market-leading cyber risk-transfer expertise with Google Cloud’s security know-how to address specific client needs ▪ Launch of innovative cyber insurance solution “Cloud Protection +” exclusively for Google Cloud customers ▪ Data-driven submission and underwriting enable an easier, more efficient and more transparent purchase process for customers ▪ Data insights will allow Munich Re to further advance the modelling of cloud specific cyber risks “By combining the expertise of three industry leaders we address the specific risk management needs of organisations that are moving their business to the cloud. Embedded in an efficient underwriting process, our solution Cloud Protection + provides a holistic response to cyber risk. Above and beyond the immediate benefit for Google Cloud customers, the cooperation will contribute to the further enhancement of Munich Re’s cyber risk modelling.” Stefan Golling, Member of the Board of Management The coverage of cyber risks is a strategic field of business in which Munich Re aims to achieve further sustainable growth. As one of the pioneers, Munich Re was early to accept the challenges in cyber insurance. As cyber risks and loss scenarios change quickly and continuously, Munich Re maintains its position among the top providers by steadily developing its own approach and risk modelling, and also by collaborating with clients and partners. Munich Re has now agreed on a cooperation with Google Cloud and Allianz Global Corporate & Specialty (AGCS) focusing on providing cloud specific cover for organisations. The starting point for the cooperation is the continuing trend towards cloud usage: for a majority of larger organisations, the cloud has already been embraced as a way of doing business. -
California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience
California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 UCLA School of Law Welcome California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 | UCLA School of Law Keynote Address: California Insurance Commissioner Ricardo Lara California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 | UCLA School of Law Panel 1: Physical Risk Assessment, Impact Mitigation, and Insurance • Alex Hall, UCLA Center for Climate Science • Alice Hill, Hoover Institution • Kristen Torres Pawling, County of Los Angeles • LeRoy Westerling, UC Merced School of Engineering Moderator: Sean Hecht, UCLA School of Law California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 | UCLA School of Law Break California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 | UCLA School of Law Panel 2: Nature-based Solutions • Secretary of Ecology and Environment Alfredo Arellano, State of Quintana Roo, Mexico • David BurtonPerry, Swiss Re • Deborah Halberstadt, UC Davis Coastal and Marine Sciences Institute • Raghuveer Vinukollu, Munich Re Moderator: Louis Blumberg, Blumberg West Consulting California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience July 23, 2019 | UCLA School of Law Parametric Insurance Policy to Cover Beaches Recovery and Coral Reefs Quintana Roo, México California Climate Risk: Insurance-Based Approaches to Mitigation and Resilience Panel 2: Nature-based Solutions July, 23, 2019 Alfredo Arellano Guillermo Ministry of Environment State Government of Quintana Roo, México [email protected] Beach Erosion 2010 Playa del Carmen 2017 Hotel Porto Real Coastline 2010 Coastline 2017 Coral Reefs on Risk Coral Reefs are affected by: • Diseases • Water Pollution • Bleaching • Recreational activities • Hurricanes: Experts consider that hurricanes category 4 and 5 passing less than 65 km from the reefs are very likely to damage it (Alvarez-Filipp, et.al. -
Underwriting Issues and Innovations Seminar
Underwriting Issues and Innovations Seminar Attendee List by Last Name As of July 12, 2017 Stephen Abrokwah Merly Agellon Geoff Andrews Swiss Re Life & Health America Inc Sun Life Financial Carpe Data Fort Wayne, IN Toronto, ON Santa Barbara, CA David Aronson Thomas Ashley Denise Bates MIB Gen Re Penn Mutual Life Insurance Co Braintree, MA Stamford, CT Horsham, PA Natalie Bergstrom JP Bewley Phillip Beyer AIG Big Cloud Analytics USAA Life Insurance Company Milwaukee, WI Atlanta, GA San Antonio, TX Donnamarie Blake Paul Boudreau Laura Boylan Lexisnexis Risk Solution Munich Re Haven Life Alpharetta, GA Atlanta, GA New York, NY Greg Brandner Colin Bruesewitz Jessica Bublitz Munich Re American Family Insurance Milliman Intelliscript Nashwauk, MN Sun Prairie, WI Brookfield, WI Peggy Buck Marc Cagen Minyu Cao Milliman Intelliscript Fidelity Life Association RGA Brookfield, WI Chicago, IL Chesterfield, MO Eric Carlson Paul Carmody Audrey Chervansky Milliman Inc Pacific Guardian Life Insurance Swiss Re Life & Health America Brookfield, WI Honolulu, HI Armonk, NY Amanda Christensen Juliet Christenson Jennifer Ciollaro Riversource Insurance Royal Neighbors of America Swiss Re Minneapolis, MN Rock Island, IL Fort Wayne, IN Derek Coburn Brian Coens Joanne Collins Unum Clinical Reference Laboratory Stoneriver Worcester, MA Lenexa, KS Waxhaw, NC Chris Connor Sean Conrad Steve Cox Illinois Mutual Life Insurance Hannover Re Oneamerica Financial Partners Company Charlotte, NC Indianapolis, IN Peoria, IL Kathryn Cox Kim Curley Mike Curran RGA Great-West Financial Force Diagnostics, Inc. Chesterfield, MO Greenwood Village, CO Bannockburn, IL Bruce Dahlquist Donna Daniells Ben Davidson Clinical Reference Laboratory AXA US Sagicor Life Insurance Lenexa, KS Charlotte, NC Scottsdale, AZ Jim Davis Dee Davis Paul Dennee Synodex Swiss Re Trustmark Insurance Co Canton, CT Fort Wayne, IN Lake Forest, IL Tedd Determan Ammon Dixon Cris Downey Force Diagnostics, Inc. -
Task Force on Climate-Related Financial Disclosures
Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures June 2017 June 2017 Recommendations of the Task Force on Climate-related Financial Disclosure i Contents A Introduction .................................................................................................................................................... 1 1. Background ................................................................................................................................................................... 1 2. Structure of Recommendations .................................................................................................................................. 2 3. Application of Recommendations .............................................................................................................................. 3 4. Assessing Financial Impacts of Climate-Related Risks and Opportunities ............................................................ 4 B Recommendations ....................................................................................................................................... 11 C Guidance for All Sectors .............................................................................................................................. 14 1. Governance ................................................................................................................................................................. 14 2. Strategy .......................................................................................................................................................................