7th Meeting of Climate & Catastrophic Events Working Party

The seventh meeting of the Working Party took place on Thursday 8 May 2014 between the hours of 09:00hrs and 11:00hrs at the King George Hotel in Athens immediately prior to the international conference staged by the Hellenic Association of Insurance Companies and the Hellenic Consumers' Ombudsman entitled, "Life, Health and Pension Insurance in the new Economic Environment" on Friday 9 May 2014.   

The Agenda for that meeting chaired by Tim Hardy (UK) is below.

Presentations made included:

• Report upon progress of "Green Car & Insurance" project - Prof Sara Landini, Italy
• Environmental liability in Greece: The Legal Framework and the role of financial guarantees/insurance products to cover operators' responsibilities under Directive 2004/35 - George Konstantinopoulos, Greek Supreme Court Lawyer and founding member of the Hellenic Environmental Law Association
• Impact of Climate Change upon Risk Analysis and Risk Coverage in Property and Business Interruption insurance - Tim Hardy, UK

Report delivered:

• Impact of Climate Change on Life & Health Insurance- "Life, Health and Pension Insurance in the new Economic Environment" - Paper delivered by MERCOSUR GROUP (co-ordinated by Dr Maria Kavanagh, Argentina - with external collaboration from Dr Ana Rita Petraroli, Brazil ) addressing challenges to these classes in Argentina, Brazil, Chile, Peru and Uruguay.

The session reviewed and updated responses received to Questionnaires circulated in conjunction with the Green Car & Insurance project, considering levels and forms of encouragement being offered by motor insurers and others of green car use and eco-friendly driving practices and incentives, presently being undertaken under the leadership of Prof Sara Landini. Also, the updating of National Reports upon Climate Change issues in respect of motor vehicle use and insurance. The impact of Climate Change upon Greek environmental liabilities; risk analysis and coverage in property and business interruption insurance globally; and upon life, health and pension insurance from a Latin American perspective were all considered in the remainder of the meeting. 

A copy of the Minutes of the meeting is below.  A note of registered delegates, confirmed attendees and apologies is also below.