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 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.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• Brazilian air vehicle company Tupan announced a partnership agreement with US environmental equity fund ForestAu Green to kick start its operations in the UAE. (Zawya)
• The UAE and Pepsico announced the second edition of the Greenhouse Accelerator Programme, an initiative to support start-ups focused on innovation and sustainability in the farming sector. (Statement)
• Fotowatio Renewable Ventures (FRV) — a subsidiary of Saudi solar PV developer Abdul Latif Jameel Energy and Environmental Services — has opened its first office in the United Kingdom. FRV reached financial close on two battery energy storage (BESS) facilities in the UK with a combined power output of 133 MW earlier this month. (Statement)