Rooted in respect
Growing with purpose
Sustainability
Sustainability is integral to our mission and culture, and to the value we create in partnership with our clients, investors, and peers. OAK is built with long-term thinking at its core — creating an environment where our colleagues can excel while contributing to a more resilient future for people and the planet.
We deliver through innovation, insight, and purpose — powered by our diverse team and a culture grounded in respect and authenticity.
Our approach to sustainability
Underwriting
Operations
People & Culture
Thought Leadership
Underwriting
The changing global climate presents both evolving risks and new opportunities across financial markets.
How the insurance industry addresses these realities will shape not only our sector’s future, but the financial system’s as a whole.
Driven by our mission to underwrite a resilient future, we integrate sustainability principles in our decision-making, our partnerships and our innovation agenda.
Climate Innovation
OAK’s dedicated underwriting strategy is designed to meet new insurance demands driven by climate change, backed by a multi-disciplinary team of underwriters, catastrophe researchers and sustainability experts.
Our team provides (re)insurance across two key areas: Technologies & Transition and Consumer Resilience, ensuring businesses and communities are equipped for the future while creating sustained value for our investors and strategic partners.
Our Risk Appetite
We have developed a proprietary Climate Opportunity Framework which identifies transactions aligned with our risk appetite in:
Technological transformation
As investments continue to accelerate in new technologies and infrastructure, the role of insurance is clear in spreading risks across the financial sector.
Product innovation
New risk transfer mechanisms, such as parametric covers, can help reduce the protection gap and offer attractive returns for insurers and reinsurers.
Extreme weather and disasters
Helping reduce the protection gap for emerging weather risks such as wildfires and floods.
Food security
Our food systems are vulnerable to both weather risks and nature loss. Our industry can improve the resilience of this crucial sector.
Public sector partnerships
Facilitating risk transfer from the public sector to the private insurance market to reduce pressure on public balance sheets.
Developing economies
Developing countries are often the most exposed to extreme weather and have the largest insurance gap. Closing this gap helps protect vulnerable communities, whilst growing new insurance markets.
Operations
As an early-stage growth company, we have prioritised sustainable operations since day one. From our choice of location, to our equipment and systems, we will continue to be mindful of our environmental footprint as we grow.
Our office
We have one physical location, 8 Bishopsgate at the heart of London City. Completed in 2023, it is one of London’s most sustainable buildings, featuring rooftop solar panels, urban planting and water efficiency systems. It is the UK’s tallest building with an energy performance rating of A, with 60% of its heat demand met with recycled heat and 100% of electricity coming from renewable sources.
People & Culture
When people thrive, great work follows and our business succeeds. By living our values of creativity, excellence, determination, authenticity and respect, we are creating a workplace where everyone can contribute their best work while being themselves.
We believe in the power of diversity at OAK – embracing the varying backgrounds, identities and life experiences of our colleagues and the benefits they bring to our company.
Thought Leadership
As a global leading risk partner, we believe that sharing our insights and expertise can help elevate the entire industry. Thanks to our lean, multi-disciplinary team, we have leapfrogged legacy models and are reimagining what’s possible for (re)insurance.
OAK Insights
Through our OAK Insights platform, we share thought pieces on the (re)insurance market, climate science and modelling, sustainability and innovation in underwriting.
