{"id":76276,"date":"2023-03-01T02:00:58","date_gmt":"2023-03-01T02:00:58","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/01\/ins-companies-in-the-gulf-settle-on-a-new-approach-to-investments\/"},"modified":"2023-03-01T02:00:58","modified_gmt":"2023-03-01T02:00:58","slug":"ins-companies-in-the-gulf-settle-on-a-new-approach-to-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/01\/ins-companies-in-the-gulf-settle-on-a-new-approach-to-investments\/","title":{"rendered":"Ins. companies in the Gulf settle on a new approach to investments"},"content":{"rendered":"<p><strong>GCC ins. companies will begin a new three-pronged approach to confront climate<\/strong><strong> change<\/strong>, <a href=\"https:\/\/www.albayan.ae\/economy\/uae\/2023-02-28-1.4623218\">Al Bayan<\/a> reports. The new strategy will change typical investment approaches and shift from short to long-term investments that can reach 10 years, review the duration of ins. coverage, and engage the ins. sector in innovation and cooperation with those working in climate change and green technology. The decision comes as a result of the annual Gulf Ins. Forum held in Dubai which brought together 200 CEOs and general managers of ins. companies, ins. brokerages, and reinstatement companies.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Brazilian air vehicle company Tupan<\/strong> announced a partnership agreement with US environmental equity fund <strong><a href=\"https:\/\/www.google.com\/search?q=ForestAu+Green+LLC&rlz=1C1GCEB_enEG1041EG1041&oq=ForestAu+Green+LLC&aqs=chrome..69i57j69i60l2.219j0j9&sourceid=chrome&ie=UTF-8\">ForestAu Green<\/a><\/strong> to kick start its operations <strong>in the UAE<\/strong>. (<a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tupan-signs-partnership-agreement-with-forestau-green-llc-to-expand-operations-in-uae-j13a777s\">Zawya<\/a>)<\/li>\n<li><strong>The UAE and Pepsico<\/strong> announced the second edition of the <strong><a href=\"https:\/\/greenhouseaccelerator.com\/\">Greenhouse<\/a><\/strong><strong><a href=\"https:\/\/greenhouseaccelerator.com\/\">Accelerator Programme<\/a><\/strong>, an initiative to support start-ups focused on innovation and sustainability in the farming sector. (<a href=\"https:\/\/twitter.com\/PepsiCoMidEast\/status\/1630165727775694852\">Statement<\/a>)<\/li>\n<li><strong>Fotowatio Renewable Ventures<\/strong> (FRV) \u2014 a subsidiary of Saudi solar PV developer Abdul Latif Jameel Energy and Environmental Services \u2014 has opened its first office in the United Kingdom. FRV reached financial close on <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/78bca220-56a9-451b-adc6-1abaf9033c2e\">two battery energy storage<\/a>(BESS) facilities in the UK with a combined power output of 133 MW earlier this month. (<a href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D9%81%D9%88%D8%AA%D9%88%D8%A7%D8%AA%D9%8A%D9%88-%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AC%D8%AF%D8%AF%D8%A9-%D8%AA%D9%81%D8%AA%D8%AA%D8%AD-%D8%A3%D9%88%D9%84-%D9%85%D9%83%D8%AA%D8%A8-%D9%84%D9%87%D8%A7-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-tbqn271i\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>GCC ins. companies will begin a new three-pronged approach to confront climate change, Al Bayan reports. The new strategy will change typical investment approaches and shift from short to long-term investments that can reach 10 years, review the duration of ins. coverage, and engage the ins. sector in innovation and cooperation with those working in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76277,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,11,164,1330,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseclimate","tag-green-finance","tag-insurance","tag-uae","wpautop","entry"],"acf":{"mongo_id":"cc67f739-8099-4eba-8686-823bbbe4e15b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/94.jpg","photo_position":"above","related_issue":[76264],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ins. companies in the Gulf settle on a new approach to investments - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/01\/ins-companies-in-the-gulf-settle-on-a-new-approach-to-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ins. companies in the Gulf settle on a new approach to investments\" \/>\n<meta property=\"og:description\" content=\"GCC ins. companies will begin a new three-pronged approach to confront climate change, Al Bayan reports. 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