Lloyd’s has teamed up with Moody’s Analytics to develop a way of quantifying greenhouse gas emissions across managing agents’ underwriting and investment portfolios. The aim is to provide a tool that will help managing agents to meet expected regulatory reporting requirements.

Rebekah Clement, director of corporate affairs at Lloyd’s, said: “A robust and credible emissions measurement process will allow us to meet our regulatory reporting requirements while improving transparency across the Lloyd’s market. Moody’s have established expertise in this field and are well placed to help us achieve this.”

Andy Frepp, general manager – risk solutions at Moody’s Analytics, added: “Building on our unique experience in delivering specialised sustainable solutions and analytics to brokers, carriers, and reinsurers, we are excited to help the Lloyd’s market quantify its insurance and financed-associated carbon emissions by leveraging our extensive carbon and financial data, advanced name-matching algorithms, and the knowledge of our climate and insurance experts.”

The collaboration will begin with a 12-week proof of concept exercise, under the banner of Lloyd’s Lab’s new ‘Lab Challenge Programme’.

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