The Association of British Insurers (ABI) said the plans could “herald a new approach” to the many thousands of claims settled each year.
A Green Way Forward For Insurance Claims?
The ABI’s new Climate Change Roadmap released this month, is a plan to get insurers moving towards a net-zero target.
With road transport being one of the heaviest polluting areas of society, the plan proposes that insurers should consider replacing written-off or stolen petrol cars with electric vehicles. As well as this, Insurers are also hoping to encourage a sustainable secondary market for electric vehicles and consistent policies for re-using and recycling charging equipment.
Accepting repaired or recycled items as part of a settlement for damaged or stolen property (rather than brand new items) is also something customers may be encouraged to do. Investigations will also be carried out to see how items damaged during a flood or storm could be sent for re-use or repair.
Huw Evans, director general of the ABI, said:
“We all know the environmental crisis is the greatest threat facing our planet and all sectors need to challenge themselves like never before.
“We accept that our sector’s emission are amongst the most of any industry in the economy but, conversely, this means we are uniquely placed to drive the transition including through huge investment potential in the green economy and our reach to millions of customers.”
Download and read the full ABI Climate Change Roadmap here.
