Publications
Publications
- January 2024
- HBS Case Collection
Net Zero Insurance Alliance: An Alliance in Crisis
By: Peter Tufano and Karina Val
Abstract
The Net Zero Insurance Alliance (NZIA), a UN-convened alliance of major global insurers, was formed in 2021, but by 2023 had lost over 60% of its members. While NZIA had enjoyed a rapid and productive start by setting standards for the industry and sharing best practices, it (and other net zero groups) faced strong political pressure from certain US State Attorneys General and members of Congress, alleging potential anti-trust violations. The remaining members and the UN-convener had to decide what to do next.
Keywords
Climate Change; Insurance; Standards; Alliances; Business and Government Relations; Cooperation; Insurance Industry
Citation
Tufano, Peter, and Karina Val. "Net Zero Insurance Alliance: An Alliance in Crisis." Harvard Business School Case 324-063, January 2024.