Enabling Circularity Through Insurance

How does climate risk exposure connect to supply chain decisions, and where does circularity come in?

Michael Bruch, Global Head of Risk Consulting Advisory Services, and Lena Fuldauer, Head of Resilience & Business Development at Allianz Risk Consulting, talk about how companies can assess climate risk across their locations and supply chains, and what role circular strategies play in strengthening supply chain resilience.

What you'll hear in this episode: • How companies use location-level climate risk data to spot vulnerabilities within the supply chain and compare potential investment sites. • Why the most productive conversations happen when risk managers and sustainability teams work together. • How circular approaches like battery recycling reduce dependence on geopolitically concentrated raw materials.

This episode opens the series Enabling Circularity Through Insurance. The series looks at the concrete levers insurance companies hold, from risk assessment and advisory services to product design and claims policies, and how these can enable circularity.

People Michael Bruch, Global Head of Risk Consulting Advisory Services at Allianz Commercial https://www.linkedin.com/in/michael-bruch-30b408114/

Lena Fuldauer, Head of Resilience & Business Development at Allianz Risk Consulting https://www.linkedin.com/in/lena-fuldauer/

Patrick Hypscher, Circular Business Strategist, PaaS Expert https://www.linkedin.com/in/hypscher/

Chapters 0:00 Intro 5:28 The Risk Landscape Today 7:52 Learning from Near-Failure 10:45 Rising Catastrophe Losses 12:26 The Insurance Gap 14:21 Hazard, Exposure, Vulnerability 16:34 What is CAReS? 22:56 Circular Supply Chains, Lower Risk 28:26 Location Over Industry 34:47 Finding Allies Inside Companies 38:28 Circularity in Insurance: The Outlook 40:35 Outro

About Allianz Commercial is the corporate insurance business of Allianz Group, serving mid sized companies, large enterprises and specialist risk clients through insurance solutions designed for complex commercial exposures. It combines global reach with local market expertise and positions itself not only as an insurer, but also as a partner supporting clients through risk management, resilience building and sustainability related transformation.

Allianz Risk Consulting (ARC) provides the technical and advisory side of risk management, helping companies identify, assess and mitigate operational and strategic risks through services such as engineering surveys, risk assessments, loss prevention and technical guidance. In the context of circular economy, Allianz Commercial and Allianz Risk Consulting engage with circular business models as part of broader work on resilience, risk reduction and sustainable value creation, including contributions to the 2024 white paper The Business Case for Circular Economy.

Further Links Know more about Allianz: https://commercial.allianz.com/services/risk-consulting/cares.html

https://commercial.allianz.com/content/dam/onemarketing/commercial/commercial/reports/business-case-for-circular-economy.pdf

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Climate Resilience: How Allianz Evaluates Supply Chains