Katie Lennon: Head of ESG, UK & Lloyd’s, AXA XL: ESG - the insurer’s perspective (175)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 30 January 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

With climate-related risk becoming a top priority for insurers, Podcast 175 examines where the industry is right now in terms of identifying the specific challenges and opportunities ahead. Matthew talks to Katie Lennon, Head of ESG, UK & Lloyd's at AXA XL, about how processes for measuring and managing climate impact are developing. The conversation covers how Environmental, Social and Governance (ESG) differs for business operations and clients, creating consistency around allocating carbon emissions, and the work being done on a global scale to help support insurers. Talking points include: Communicating the purpose of ESG across organisations Practical examples of measuring climate impact and organisational change Where insurers can have the biggest impact on carbon emissions Defining consistent terminology and standardised frameworks Opportunities for third parties around unstructured climate data Climate Change Measurement and Regulation, a new report from InsTech London on reporting insurers’ climate change risk and impact, will be released on 24 February. More details coming soon. You can also keep up to date on climate-related events by subscribing to our new Climate Risk newsletter. The first issue will be published on 10 February. More information is available at instech.london/climate. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to our newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: Describe how the insurance industry is currently handling the challenges and opportunities of climate risk Summarise some of the ways the process for measuring and managing climate change are developing Identify how ESG differs for business operations and clients If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 175 page of the InsTech London website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	Well, as you'll have noticed, if you are a regular listener, we work hard to get some great guests on our show.
0:19.4	And of course, it's probably why you keep
0:20.9	coming back. Thank you. And if it's your first time, then welcome. We have a treat coming up for
0:25.1	you on this one. Now, one fairly consistent characteristics of our guests is a variety of careers.
0:30.9	Many of them have had before deciding that insurance is the place to be. Katie is no exception.
0:36.1	She started her career working for a gold mining company
0:38.9	and today is head of ESG for Axor XL for UK and Lloyds. Now Axor XL is part of Axa, one of the
0:45.4	largest insurers in the world. Well, we're all going to be spending more time trying to understand
0:49.9	how to measure and reduce the impact of climate change and it's an area right for opportunity
0:55.0	if you have data or analytics to help. As a taster to our forthcoming climate change risk
1:00.5	measurement report, we ask Katie to explain how Axor Excel is getting to grips with the
1:05.1	challenges all insurers need to figure out. There's a lot to learn in this one and I'm very
1:09.4	grateful to Katie for sharing so much.
1:11.9	If you like what you're here, then why not send a link to anyone else you think may benefit?
1:16.4	Well, Accraxel is one of over 150 companies from insurance and technology around the world
1:21.3	working with us to untangle the world of innovation in insurance. If you're not already
1:25.9	talking to us and want to find out what you're
1:27.6	missing, then please do contact me, Matthew Grant, on LinkedIn, or any of us, hello at internet.
1:32.9	com. London. But for now, here's Katie. Katie, really pleased to be talking to you today.
1:42.8	I had a call with somebody yesterday. He said to me, he thinks these podcasts are too short. And given how much we've got to cover, you might have to make some extra special long one today. But we'll see how you get on. But Several day podcast of Matthew Grant. I think that might get people definitely turning off.
2:01.9	Anyway, I just want to talk about your background first,
2:04.1	and then we're going to dig into what's happening with you personally
	...

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