National brokers lead the way on climate guidance with regional firms lagging
Two-thirds of regional and provincial brokers do not provide any climate-related guidance to clients, according to research by Ecclesiastical, while the same amount (65%) of national brokers do, Insurance Age can reveal.
The fourth annual survey of 250 brokers by the insurer found that two in five (39%) national brokers say climate is integrated into risk management discussions, while a third share climate related news and developments.
A quarter (23%) of national brokers are speaking to their clients about insurers’ climate positions, while 21% say they are providing advice and guidance about how clients can reduce their direct impacts.
However, only nine per cent of brokers said they felt confident advising
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