For brokers

1. Data-driven protection – armed with better forward risk mapping capabilities and claims data, the insurance industry can play a pivotal role in helping firms identify, navigate and build resilience to the environmental and climate associated risks they face.
    
   2. Consistency of coverage – with jurisdictions moving in different, sometimes conflicting, directions firms with a global footprint are exposed to new liabilities linked to environmental and climate risk. Bespoke multinational insurance programmes that cover these risks can provide comprehensive and consistent coverage worldwide.  
    
   3. Reducing regulatory jeopardy - with diverging environmental regulations globally, and stricter rules and larger penalties on the horizon in some regions, firms need to navigate a complex and shifting regulatory landscape. Failure to do so could result in director’s & officer’s liability (D&O) claims.  

For businesses

1. Look beyond the here and now - while short-term issues dominate, preparing for longer-term exposures like climate risk is critical. Don’t overlook the potential impact of extreme weather on your operations, liability, and reputation. Third-party risk mapping, top-tier insurance partners, and data can help you to identify vulnerabilities and boost longer-term resilience.   
 
 2. Understand your global footprint - fully understanding environmental and climate risk exposures and supply chain dependencies is vital. Without contingency plans, your business could face severe disruption. The nature of D&O claims is changing, and your firm and directors could face claims from investors should you fail to plan for and mitigate these new exposures.  
 
 3. Prioritising sustainability - driven by stronger regulatory pressure and heightened public scrutiny, together the advent of more affordable and accessible renewable energy, firms that fail to meet their stated sustainability targets increasingly risk incurring fines and damaging their reputation.