COP 28: Highlights of Recent Guy Carpenter Insights Around Climate

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The 2023 United Nations Climate Change Conference (commonly known as COP 28) takes place from November 30-December 12 in Dubai, United Arab Emirates. More than 70,000 delegates are expected to attend, as well as business leaders, climate scientists and journalists. 

At COP 28, Marsh McLennan experts, advisors and doers across our four businesses—Marsh, Guy Carpenter, Mercer and Oliver Wyman—will seek new ways to empower sustainable futures and make a greater impact through our collective strength and our culture of curiosity, care and integrity. We will unveil actionable solutions to help businesses and investors address climate-related risks, connect with green infrastructure projects, achieve financial resilience and execute a commercially smart transition to a low-carbon future.

Guy Carpenter experts have been at the forefront of climate-related issues throughout the world. Please see below for insights related to climate change, as articulated by Guy Carpenter subject matter experts.

Guy Carpenter's Julian Enoizi on Climate Change and Factors for Public and Private Sector Initiatives

In this episode of Mercer's Critical Thinking, Critical Issues podcast in our COP28 series, Andrew Bailey, Principal in Oliver Wyman's Government and Public Institutions practice sat down with Julian Enoizi, Chief Executive Officer of Guy Carpenter Europe. Together, they delve into the evolving challenges posed by climate change and explore the potential measures that both the public and private sector can take to address these issues. 

Climate Change: Risks and Opportunities

In this article, Guy Carpenter’s Stella Geng discusses steps reinsurers can take to address climate change risk—including transition risks—as businesses increasingly shift to a less-polluting, lower-carbon economy.

Guy Carpenter Experts Sam Phibbs, Katy Reyner and Sandra Hansen on Climate Regulatory Landscape

In this article, Guy Carpenter colleagues discuss how climate change significantly impacts extreme events for multiple perils, while regulatory entities require insurers to assess and report on sustainability-related impacts, opportunities and risks.

Managing Climate Change Physical Risk in the Middle East and Africa

This briefing examines how climate change affects physical risks posed to insurers with exposure in the Middle East and Africa, and the evolution of regulation associated with this risk.

Similar briefings were prepared for India, South-East Asia, East Asia, and Australasia-Oceania.

2023 Western North Pacific Tropical Cyclone Prediction

This briefing looks at expectations for tropical cyclone formation and number of landfalls, while examining how Guy Carpenter’s prediction of 2022 wound up synching with that year’s tropical cyclone activity.

2023 Hurricane Outlook for the North Atlantic Basin

This briefing discusses factors contributing to hurricane conditions and how stakeholders interested in property (re)insurance should be prepared for an impactful hurricane landfall regardless of seasonal outlooks for the basin.

The Need for a Sea Change in Climate-Related Insurance

In this article, Dr. Franziska Arnold-Dwyer, Queen Mary University of London, and Julian Enoizi, CEO, Guy Carpenter Europe, outline a sustainable climate-focused solution that combines financial resilience and loss-prevention measures that can reposition the role of insurance in tackling climate change.

A New Pilot Program Assists Neighborhoods That Are Less Financially Resilient In Times Of Natural Disaster

In this article, Joe Becker, Senior Vice President, Broker, North American Public Sector Team, discusses how community-based catastrophe solutions (CBCS) is a framework where any community organization, special-purpose district, or public entity can expand financial protection and develop risk mitigation strategies on behalf of its members. Natural disasters have major consequences for all affected communities, but the impacts to low-to-moderate income households are particularly acute.

Guy Carpenter’s Julian Enoizi Emphasizes Shift from Disaster Recovery to Prevention and Mitigation

In this article published as part of the World Economic Fund Annual Meeting, Guy Carpenter’s Julian Enoizi, CEO, Guy Carpenter Europe, spotlights the need for building resilience to extreme weather events before these types of physical threats take place.

Narrowing the Protection Gap: Climate Change and the Public Sector

In this Guy Carpenter podcast episode, public sector experts Ruth Lux and Joe Becker explore how disaster risk financing and public-private partnerships can open new opportunities to unlock risk capital and expand risk transfer solutions.