LMA - Climate Risk Working group

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Climate Risk Working Group

The Climate Risk Working Group plays a key role in supporting the Lloyd’s market in navigating the evolving landscape of climate-related risks. Reporting to the LMA Sustainability Committee, this group focuses on the risks associated with climate transition and the regulatory developments around climate risk management and disclosure, ensuring the market is well-equipped to adapt to a rapidly changing risk environment.

Through these initiatives, the Climate Risk Working Group, in collaboration with the LMA Sustainability Committee, helps to shape industry best practices and support the Lloyd’s market in managing the risks presented by climate change.

Committees » Risk

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Committee

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Alex Koukoudis

Senior Executive, Finance and Risk

Committee secretary

Key issues covered

Transition risks

Assessing the impact of technological advancements and industry shifts on risk exposure. This includes evaluating how changes such as new fuel sources and building materials affect insurance wordings, reserving, and capital models.

Litigation risk

Collaborating with the LMA’s Environmental and Climate Litigation Committee (ECLIC) and Lloyd’s to translate horizon-scanning insights shared into risk exposure assessments. This ensures the market is prepared for emerging climate-related litigation trends and potential liabilities.

Regulatory developments

Enhancing market awareness of upcoming climate regulatory and disclosure requirements, while developing best practice frameworks for climate scenario analysis, reporting, and disclosures.

Committee insights

Quantum Cyber Risk Conference: Presentation Slides

Risk, Sustainability and Climate Risk Update, Q2 2026

Replay – PRA SS5/25: Climate Scenario Analysis

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

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California Fair Claims Settlement Practices Regulations Webinar, September 2026

You are invited to join an on-demand California claims handling webinar delivered by Wilson Elser. The California Fair Claims Settlement Practices Regulations apply to all insurance practitioners who handle California claims, whether business is admitted or non-admitted or on a surplus lines basis.

Managing Expert Engagement: A Property Claims Roundtable

The LMA Property Insurance Claims Group welcomes property claims professionals to this interactive roundtable exploring the effective management of experts throughout the claims process.

25 Years On: Reflections on the 9/11 Claims Response

As we mark the 25th anniversary of the terrorist attack at the World Trade Center on 11 September 2001, join us for a unique and highly personal conversation with individuals who were directly involved in managing the unprecedented claims response that followed.