American Hellenic Hull Insurance Company is the official ambassador of the UNEP FI – Principles for Sustainable Insurance, during the Maritime Cyprus 2019 Conference and Exhibition, currently taking place in Limassol (6th-9th October).
This year Maritime celebrates 30 years since it was first held in 1989, with this year’s theme focusing on “Sea Change”.
Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address ESG risks and opportunities—and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies.
Environmental, social and governance (ESG) issues—or sustainability issues—pose a shared risk to insurers, communities, businesses, cities, government and society at large, providing a strong incentive for innovation and collaboration. Examples of sustainability issues relevant to the marine insurance industry include climate change, ecosystem degradation, pollution, illegal fishing, negative impacts on heritage sites, human rights violations, poor health and safety, lack of transparency, and corruption.
The PSI is the largest collaborative initiative between the UN and the insurance industry. Today, 140 organisations worldwide have adopted the four Principles for Sustainable Insurance, including insurers representing more than 25% of world premium volume and USD 14 trillion in assets under management.
“American Hellenic Hull is the exclusive Cypriot marine insurance company to sign the United Nations agenda and support the UNEP FI Principles for Sustainable Insurance, prioritizing at the same time the Sustainable Development Goals at all levels of the company activity. We call all the stakeholders to incorporate the Environmental, Social and Governance issues and support the United Nations Environment Program Finance Initiative, Principles for Sustainable Insurance”, stated Ilias Tsakiris, CEO of AHHIC.
“For the first time since its inception, the Maritime Cyprus Conference and Exhibition, endorses the United Nations agenda, upgrading at the same time the marine insurance services at the Cyprus Maritime Cluster.
“We firmly support the endeavor of the Deputy Shipping Ministry to enhance Cyprus’ role as an advanced, proactive, competitive maritime nation both in Europe and internationally.”
American Hellenic Hull Insurance Company also proudly supports the Maritime Cyprus 2019 Conference and Exhibition as a gold sponsor and as an exhibitor.