According to the latest report from the environmental coalition Unfriend Coal, the global insurance industry has withdrawn about 15 billion pounds of assets from the coal sector over the past two years. In Europe, 15 companies have fully or partially cut their investment in the coal sector.

　　Recently, Zurich Insurance Group of Switzerland, the world's seventh-largest insurer, also announced that it will gradually withdraw from coal investments in the hope of contributing to the global effort to keep warming within 2 degrees Celsius. Lloyds Banking Group in the UK and Swiss insurers have also set out plans to "take action" in the coming months.

　　"We reached this conclusion through analysis of large amounts of data by engineers and scientists," said Rob Kuchinski, the company's global head of assets and energy.

　　However, Unfriend Coal also stressed that the pace at which the insurance industry is exiting the coal business is still relatively slow: the combined assets of the companies that have taken action account for only about 13% of total global insurance industry assets. The vast majority of insurers exiting the coal business are in Europe, while major US insurers such as Berkshire Hathaway, AIG and Liberty Mutual have yet to take any action.

Source: China High-Tech Industry Herald 2017-12-04