Insurance Sustainability Is Here To Stay

Let’s add the aspect of circular economy to the claims management arena.


Published on:

1 November 2021

Insurance Sustainability has risen at the speed of light and is here to stay!

Green is here to stay, and there is no doubt that this sometimes called trend will play a key role in the future of insurance. Recently the leading insurance providers launched an alliance with a net-zero emission goal. And let’s be honest – the insurers are right on time, because people are looking for value – not price.


Leading insurance companies committed to sustainability and a green economy

8 out of the world’s leading insurance companies wants to speed up a net-zero emission economy through a launched alliance. In Europe this alliance includes leading insurers like AXA, Allianz, and Generali.

The aim with the NZIA – Net Zero Insurance Alliance, is to work towards a net-zero greenhouse gas emission by 2050.

To play their part in the accelerating and transition to net-zero emissions economies the insurance and reinsurance companies are to take a key role in the green economy and transition their underwriting to net-zero gas to contribute to the COP21 Paris Agreement.

How to achieve the net-zero emissions is, according to the Alliance commitment, left to the company’s discretion and is based on the latest available scientific knowledge.


Sustainable Claims

Upptec Settlement is our way to help insurance companies contribute to society and the environment. By making the claims journey sustainable by adding a circular way of thinking. We can’t keep on consuming like we currently are doing, so instead our aim is to fix and repair products, giving them a new lease of life. You can read about it on our product page: settlement.


Improving Claims Management

In the UN-convened alliance, the commitment stated:

“Improving claims management in an environmentally sustainable manner to promote a net-zero economy.”

How these improvements are to be made will be up to the major insurance companies and players in the insurance ecosystem.

The founding members of the Net-Zero Insurance Alliance are: AXA, Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re, and Zurich. You can read more about the NZIA Alliance and the commitment made here

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