Whatever insurers may think about the presence or causes ofclimate change, one thing is certain: the business climate ischanging, rapidly.

New technologies are entering the market for saving andsupplying cleaner energy in buildings, transport, and industry—andinsureds are adopting these “green” technologies left and right.Renewable energy investment around the world topped $257 billion in2011 (80% of the investment in fossil fuel capacity), approachinghalf of all new electrical generating capacity globally. Energy efficiency and “green-buildings” have also becomemulti-billion-dollar markets, and growth is showing no signs ofslowing.

With this comes a need to assess and manage associated emergingrisks, as well as be an early mover to capture businessopportunities and stay in tune with customers who are increasingly“going green.”

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