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2024 Scorecard: Cut Emissions Today to Insure Tomorrow

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$600 billion

Today's insurance crisis was born of climate inaction yesterday. Over a third of insured losses this century – a staggering $600 billion – can be attributed to climate change

Climate-attributable insured losses total $600B (2002-2022) – a $30B annual average

Decarbonize Today

Climate-attributable losses are outpacing insured losses, revealing how greenhouse gas emissions are driving increased premiums. This makes rapid decarbonization today essential for enabling affordable coverage tomorrow.

Climate-attributed insured weather losses have increased from 31 to 38% of total over the last decade (5 year moving avgs)

Under 2%

The industry is at a crossroads: estimated climate losses already exceed coal, oil, and gas premiums for 15 major insurers. With fossil fuel underwriting under 2% of total premiums, why are insurers risking their business beyond points of no return?

Scorecard 2024

Scoring Key

0.0 - 1.4
1.5 - 3.4
3.5 - 7.0
7.1 - 10
Company Underwriting Investment
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Company Country Underwriting Investment Renewables : Fossils
Premiums (%)
Total Coal Oil & Gas Total Coal Oil & Gas
Generali
Italy
Italy
6.4 / 10
Rank 1
Total 6.4 / 10
Coal 6.67 / 10
Oil & Gas 7.3 / 10
6.67 / 10
Rank 3
7.3 / 10
Rank 1
6.43 / 10
Rank 2
Total 6.43 / 10
Coal 9.17 / 10
Oil & Gas 4.52 / 10
9.17 / 10
Rank 2
4.52 / 10
Rank 2
43:57
Allianz
Germany
Germany
6.19 / 10
Rank 2
Total 6.19 / 10
Coal 7.58 / 10
Oil & Gas 4.64 / 10
7.58 / 10
Rank 1
4.64 / 10
Rank 2
4.34 / 10
Rank 10
Total 4.34 / 10
Coal 5.83 / 10
Oil & Gas 2.95 / 10
5.83 / 10
Rank 9
2.95 / 10
Rank 13
35:65
Zurich
Switzerland
Switzerland
5.41 / 10
Rank 3
Total 5.41 / 10
Coal 7.42 / 10
Oil & Gas 3.70 / 10
7.42 / 10
Rank 2
3.70 / 10
Rank 4
5.83 / 10
Rank 4
Total 5.83 / 10
Coal 10 / 10
Oil & Gas 3.05 / 10
10 / 10
Rank 1
3.05 / 10
Rank 12
35:65
Swiss Re
Switzerland
Switzerland
4.74 / 10
Rank 4
Total 4.74 / 10
Coal 6.22 / 10
Oil & Gas 3.45 / 10
6.22 / 10
Rank 5
3.45 / 10
Rank 5
5.69 / 10
Rank 5
Total 5.69 / 10
Coal 9.17 / 10
Oil & Gas 3.29 / 10
9.17 / 10
Rank 2
3.29 / 10
Rank 9
20:80
Aviva
United Kingdom
United Kingdom
4.05 / 10
Rank 5
Total 4.05 / 10
Coal 5.61 / 10
Oil & Gas 3.83 / 10
5.61 / 10
Rank 7
3.83 / 10
Rank 3
5.14 / 10
Rank 7
Total 5.14 / 10
Coal 7.50 / 10
Oil & Gas 3.33 / 10
7.50 / 10
Rank 7
3.33 / 10
Rank 8
84:16
AXA
France
France
4.03 / 10
Rank 6
Total 4.03 / 10
Coal 6.36 / 10
Oil & Gas 2.40 / 10
6.36 / 10
Rank 4
2.40 / 10
Rank 9
6.34 / 10
Rank 3
Total 6.34 / 10
Coal 9.17 / 10
Oil & Gas 4.38 / 10
9.17 / 10
Rank 2
4.38 / 10
Rank 3
30:70
Hannover Re
Germany
Germany
3.71 / 10
Rank 7
Total 3.71 / 10
Coal 4.32 / 10
Oil & Gas 3.21 / 10
4.32 / 10
Rank 9
3.21 / 10
Rank 6
3.40 / 10
Rank 13
Total 3.40 / 10
Coal 2.5 / 10
Oil & Gas 3.29 / 10
2.5 / 10
Rank 12
3.29 / 10
Rank 9
N/A
Axis Capital
Bermuda
Bermuda
3.40 / 10
Rank 8
Total 3.40 / 10
Coal 6.22 / 10
Oil & Gas 1.26 / 10
6.22 / 10
Rank 5
1.26 / 10
Rank 15
5.06 / 10
Rank 8
Total 5.06 / 10
Coal 9.17 / 10
Oil & Gas 3.19 / 10
9.17 / 10
Rank 2
3.19 / 10
Rank 11
92:8
Munich Re
Germany
Germany
3.07 / 10
Rank 9
Total 3.07 / 10
Coal 4.19 / 10
Oil & Gas 2.77 / 10
4.19 / 10
Rank 10
2.77 / 10
Rank 7
4.14 / 10
Rank 11
Total 4.14 / 10
Coal 3.33 / 10
Oil & Gas 4.05 / 10
3.33 / 10
Rank 11
4.05 / 10
Rank 5
72:28
HDI Global
Germany
Germany
3 / 10
Rank 10
Total 3 / 10
Coal 3.18 / 10
Oil & Gas 2.55 / 10
3.18 / 10
Rank 12
2.55 / 10
Rank 8
3.49 / 10
Rank 12
Total 3.49 / 10
Coal 2.50 / 10
Oil & Gas 3.43 / 10
2.50 / 10
Rank 12
3.43 / 10
Rank 7
N/A
SCOR Re
France
France
2.94 / 10
Rank 11
Total 2.94 / 10
Coal 4.59 / 10
Oil & Gas 1.87 / 10
4.59 / 10
Rank 8
1.87 / 10
Rank 11
9.71 / 10
Rank 1
Total 9.71 / 10
Coal 9.17 / 10
Oil & Gas 10 / 10
9.17 / 10
Rank 2
10 / 10
Rank 1
20:80
Mapfre
Spain
Spain
2.67 / 10
Rank 12
Total 2.67 / 10
Coal 3.94 / 10
Oil & Gas 2.21 / 10
3.94 / 10
Rank 11
2.21 / 10
Rank 10
4.91 / 10
Rank 9
Total 4.91 / 10
Coal 5.83 / 10
Oil & Gas 3.90 / 10
5.83 / 10
Rank 9
3.90 / 10
Rank 6
18:82
AIG
United States
United States
1.60 / 10
Rank 13
Total 1.60 / 10
Coal 1.82 / 10
Oil & Gas 1.32 / 10
1.82 / 10
Rank 14
1.32 / 10
Rank 12
2.06 / 10
Rank 16
Total 2.06 / 10
Coal 2.50 / 10
Oil & Gas 2.0 / 10
2.50 / 10
Rank 12
2.0 / 10
Rank 15
25:75
QBE
Australia
Australia
1.52 / 10
Rank 14
Total 1.52 / 10
Coal 2.12 / 10
Oil & Gas 1.15 / 10
2.12 / 10
Rank 13
1.15 / 10
Rank 17
5.51 / 10
Rank 6
Total 5.51 / 10
Coal 7 / 10
Oil & Gas 4.24 / 10
7 / 10
Rank 8
4.24 / 10
Rank 4
26:74
Tokio Marine
Japan
Japan
1.37 / 10
Rank 15
Total 1.37 / 10
Coal 1.52 / 10
Oil & Gas 1.28 / 10
1.52 / 10
Rank 15
1.28 / 10
Rank 14
2 / 10
Rank 18
Total 2 / 10
Coal 2.5 / 10
Oil & Gas 1.9 / 10
2.5 / 10
Rank 12
1.9 / 10
Rank 18
34:66
Sompo
Japan
Japan
1.27 / 10
Rank 16
Total 1.27 / 10
Coal 1.21 / 10
Oil & Gas 1.28 / 10
1.21 / 10
Rank 17
1.28 / 10
Rank 13
2.58 / 10
Rank 15
Total 2.58 / 10
Coal 2.50 / 10
Oil & Gas 2.87 / 10
2.50 / 10
Rank 12
2.87 / 10
Rank 14
27:73
Chubb
United States
United States
1.24 / 10
Rank 17
Total 1.24 / 10
Coal 1.21 / 10
Oil & Gas 1.23 / 10
1.21 / 10
Rank 17
1.23 / 10
Rank 16
0.86 / 10
Rank 21
Total 0.86 / 10
Coal 2.50 / 10
Oil & Gas 0 / 10
2.50 / 10
Rank 12
0 / 10
Rank 22
23:77
MS&AD
Japan
Japan
1.21 / 10
Rank 18
Total 1.21 / 10
Coal 1.21 / 10
Oil & Gas 1.06 / 10
1.21 / 10
Rank 17
1.06 / 10
Rank 18
2.0 / 10
Rank 18
Total 2.0 / 10
Coal 2.50 / 10
Oil & Gas 1.90 / 10
2.50 / 10
Rank 12
1.90 / 10
Rank 18
28:72
Samsung FM
South Korea
South Korea
1.21 / 10
Rank 18
Total 1.21 / 10
Coal 1.36 / 10
Oil & Gas 1.06 / 10
1.36 / 10
Rank 16
1.06 / 10
Rank 18
2.0 / 10
Rank 18
Total 2.0 / 10
Coal 2.5 / 10
Oil & Gas 1.9 / 10
2.5 / 10
Rank 12
1.9 / 10
Rank 18
16:84
The Hartford
United States
United States
1.07 / 10
Rank 20
Total 1.07 / 10
Coal 1.21 / 10
Oil & Gas 0.89 / 10
1.21 / 10
Rank 17
0.89 / 10
Rank 20
2.63 / 10
Rank 14
Total 2.63 / 10
Coal 2.50 / 10
Oil & Gas 2.0 / 10
2.50 / 10
Rank 12
2.0 / 10
Rank 15
25:75
Travelers
United States
United States
0.86 / 10
Rank 21
Total 0.86 / 10
Coal 1.21 / 10
Oil & Gas 0.89 / 10
1.21 / 10
Rank 17
0.89 / 10
Rank 20
2.06 / 10
Rank 16
Total 2.06 / 10
Coal 2.50 / 10
Oil & Gas 2.0 / 10
2.50 / 10
Rank 12
2.0 / 10
Rank 15
27:73
Fairfax Financial
0.48 / 10
Rank 22
Total 0.48 / 10
Coal 0.81 / 10
Oil & Gas 0.38 / 10
0.81 / 10
Rank 22
0.38 / 10
Rank 22
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 22
24:76
Ping An
China
China
0.42 / 10
Rank 23
Total 0.42 / 10
Coal 0.61 / 10
Oil & Gas 0 / 10
0.61 / 10
Rank 23
0 / 10
Rank 24
0.86 / 10
Rank 21
Total 0.86 / 10
Coal 2.50 / 10
Oil & Gas 0 / 10
2.50 / 10
Rank 12
0 / 10
Rank 22
36:64
Liberty Mutual
United States
United States
0.21 / 10
Rank 24
Total 0.21 / 10
Coal 0.61 / 10
Oil & Gas 0.00 / 10
0.61 / 10
Rank 23
0.00 / 10
Rank 24
0.86 / 10
Rank 21
Total 0.86 / 10
Coal 2.50 / 10
Oil & Gas 0 / 10
2.50 / 10
Rank 12
0 / 10
Rank 22
25:75
Lloyd’s
United Kingdom
United Kingdom
0.06 / 10
Rank 25
Total 0.06 / 10
Coal 0.05 / 10
Oil & Gas 0.08 / 10
0.05 / 10
Rank 25
0.08 / 10
Rank 23
0.20 / 10
Rank 25
Total 0.20 / 10
Coal 0.25 / 10
Oil & Gas 0.19 / 10
0.25 / 10
Rank 25
0.19 / 10
Rank 21
N/A
Sinosure
China
China
N/A
N/A
Total N/A
Coal N/A
Oil & Gas N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total N/A
Coal N/A
Oil & Gas N/A
N/A
N/A
N/A
N/A
N/A
W.R. Berkley
United States
United States
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 24
0.86 / 10
Rank 21
Total 0.86 / 10
Coal 2.5 / 10
Oil & Gas 0 / 10
2.5 / 10
Rank 12
0 / 10
Rank 22
15:85
Berkshire Hathaway
United States
United States
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 24
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 22
18:82
Everest Group
Bermuda
Bermuda
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 24
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 22
22:78
PICC
China
China
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 24
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 22
0 / 10
Rank 26
24:76
Starr
United States
United States
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 24
0 / 10
Rank 26
Total 0 / 10
Coal 0 / 10
Oil & Gas 0 / 10
0 / 10
Rank 26
0 / 10
Rank 22
17:83

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Time is up for voluntary corporate action. As insurers make risks worse and withdraw coverage, lawmakers and regulators must act decisively to break this vicious cycle – protect people, make polluters pay, and drive a just transition.

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