CLHIA becomes supporter of United Nations initiative on sustainable insurance
News ReleaseRelease Date: 12/15/2020 Staff Reference: Kevin Dorse
(Toronto, December 15, 2020) – The Canadian Life and Health Insurance Association is pleased to announce that it has joined the United Nations’ Principles for Sustainable Insurance (PSI) Initiative. The initiative is a collaboration between the United Nations Environmental Programme and the global insurance industry to promote greater environmental and social sustainability.
The principles seek to build upon insurers’ core business of managing risk by engaging insurers around the world in developing innovative solutions, improving business performance, and contributing to environmental, social and economic sustainability.
“Understanding and managing environmental, social and governance risks is critical for insurance to remain affordable and accessible,” Stephen Frank, CLHIA’s President and Chief Executive Officer said. “The Principles for Sustainable Insurance play an important role in convening the global insurance industry to develop and share best practices in order to enhance its resilience in the face of future economic shocks related to climate change and extreme weather events.”
Joining the PSI aligns with Canadian life and health insurers’ continuing advocacy for governments to take action to reduce, mitigate and adapt to the risks of climate change, recognizing the dramatic and long-term risk that extreme weather events and altered global temperature patterns pose to public health.
About the CLHIA
The CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. These insurers provide a wide range of financial security products including life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to over 29 million Canadians. They hold nearly $950 billion in assets in Canada and employ more than 157,000 Canadians.
For more information:
Assistant Vice President, Strategic Communications and Public Affairs
(613) 691-6001 / email@example.com