1. Adaption & mitigation from an insurers’ perspective EIT Climate – 25 October 2018

2. More than 200 years contributing to physical, social and financial protection
We operate in all insurance markets – mainly in The Netherlands – with different brands
12 million customers
employees – in The Netherlands
We invest more than 100 billion euro’s – premiums and third party (pension funds)
Insuring the risks of daily life: health, home, car, occupational health, income protection, pensions, travel, farming, entrepreneurship
Premiums are invested in society
With our expertise we contribute to a healthier, safer and future proof society
What we are and who we are.
Bearing and sharing the risk together if someone suffers damage or loss. That was how it all began in 1811 in the Frisian village of Achlum.
The farmers shared the risks of their farms burning down – a high risk caused by spontaneous combustion in haystacks. A mutual insurance company was born.
In the years that followed, employers’ and workers’ organisations, health insurance funds and other mutual insurance companies were incorporated in what is now the Achmea-insurance group.
Our origins have not only largely defined our identity. It has also shaped the activities and core qualities of our company as it exists today. It is against this cooperative background that we think and act in the interest of our customers and society.

3. Insurers contribute to risk awareness, risk management and protection

4. In a changing risk landscape Achmea wants to be customer relevant and trendsetting

5. Healthy society Future proof society Safe society
Good health closer to everyone
Clean, safe and smart mobility
Safe home and working environments
(Financial) solutions for today, tomorrow and the future

6. The impacts of climate-related risks are a growing reality for the insurance sector
The insurance sector is on the front line of the battle against climate change. We have to pay out more to policyholders as extreme weather events such as flooding, droughts, storms and heatwaves become more frequent and more severe. We have to actually play a role in this battle otherwise all we can dot is react and increase our premiums – this can lead to uninsurability
Climate change poses risks for insurance companies.
. Weather-related financial losses, regulatory and technological changes, liability risks, and health impacts related to climate change have implications for the business operations, underwriting, and financial reserving of insurance companies.
So we have to actually play a role – both on mitigation as well as on adaption

7. Climate change: increasing damages as a result of extreme weather events

8. Climate change: opportunities for innovative solutions, new business and co-creating

9. Adaptation Clients & customers Cities, provinces, water boards
Home owners, tenants, housing associations
Farmers, SME’s
Products & services
Preventive advice & services
Early warning
Blue Label
Data sharing
Green roofs
Sustainable damage repair
Encouraging and supporting our clients and customers to actively help prevent climate related damage

10. Blue Label
Information on flood and water damage risks for every address in The Netherlands
Risk label for real estate and roads
Digital service
Customers: cities
BlueLabel is a partnership between Achmea, Royal HaskoningDHV and Nelen & Schuurmans
Raising awareness
Tool for local governments to communicate with its residents and local businesses
Policy making and monitoring

11. Enabling the transition to a low carbon economy
Mitigation
Clients & customers
Cities, provinces, water boards
Home owners, tenants, housing associations
Farmers, SME’s
Car and fleet owners
Products & services
Green mortgages and loans
Insuring green energy projects
Electric cars and car sharing – move up in the supply chain
Investing in green bonds and other sustainable assets
Enabling the transition to a low carbon economy
We drive solar
Amber
car battery energy storage
CB: solar panel rental

12. Main challenges
Adaptation How can we make our customers and society at large more resilient against climate change?
Mitigation What can we do to stop global warming?
Perspectives: our own business – our clients & customers – our investments
Themes:
Mobility
Public space
Agriculture
Real estate
Home and private space
Energy saving and renewables
New partnerships and business models
More physical and financial services
We have to work with partners: we can’t do this on our own
Managing climate risks is key for insurance access for all
Niet volledig, maar geeft een idee

13. Discussion