The summer of sport continues...

The Chartered Insurance Institute (CII) has announced the appointment of three new Group Board members, each with a responsibility to provide a membership perspective in discussions and decision making. Known as Engagement Board Members, the three are Ben Rose, Engagement Board Member: London Markets; Roger Jackson, Engagement Board Member: Financial Planning; and Suzy Middleton, Engagement Board Member: Personal Finance.

It’s often been said that Insurance is the great safety net of the modern economy, allowing risk transfer across borders, through demographics and providing the incentive and ability for commerce to continue and flow even through the harshest challenges. As climate change, land-use change, pollution, natural resource use and exploitation and invasive species cause more impact on a global scale the need for insurance to rise and transform to meet this challenge grows with it, and the modern cohort of insurers and insurance professionals has to ensure that they are at the forefront of revolutionary thinking when it comes to ways to transfer risk in a sustainable way. The formation of the IIL’s standalone Nature and Sustainability committee comes at a time when forward-thinking insurance professionals are required not only in environmental-focused lines of business but across all versions and varieties of insurance. From loss adjusting to underwriting, broking and actuarial roles, nature and sustainability will need to be considered and incorporated into the thinking behind all decision-making processes within the insurance world. This is not only about how we accommodate a changing risk environment but, perhaps more importantly, how we provide support for those individuals and entities who are actively trying to promote awareness and positive change in collaborating alongside nature – be they within or without the insurance sphere.