Archive

EIOPA's wake-up call for insurers on fossil fuels

A historic decision from EU financial supervisor on higher financial risk of fossil fuel sector must be integrated in EU prudential rules write Chiara Pass and Marika Carlucci

EU supervisors estimate trillions in losses from 'run on brown' assets

European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".

COP29: Transition plan guide for insurance companies launched

Climate risks threaten the insurance model

As insurers' current claims management model is not sustainable, it is imperative to increase investments in the energy transition to guarantee the very survival of the insurance model, writes Guillaume Abel

Eiopa recommends additional capital requirements for insurers' fossil fuel assets

The European Insurance and Occupational Pension Authority (Eiopa) has recommended higher capital requirements for European insurers holding fossil fuel assets.

NZAOA members warn their progress on decarbonisation at risk from policy inaction

Insurers and pension fund members of the Net Zero Asset Owner Alliance (NZAOA) have warned their progress on decarbonising their portfolios could be about to slow because the wider global economy is not showing signs of matching their efforts.

Danish regulator uncovers shortcomings in bank and insurer taxonomy reporting

Denmark's financial regulator has found widespread "shortcomings" by the country's banks and insurers in a study of the first year of mandatory reporting of taxonomy alignment under EU regulation.

More policy needed for city-level climate adaptation strategies, says Zurich

Manulife IM: There's a long way to go on nature data

Manulife is beginning to look for new nature investment opportunities but has told Environmental Finance why it is rejecting the use of large datasets and nature footprinting.

Insurance industry 'not ready' for incoming nature risks, says Aviva

The insurance industry is "not ready" to deal with some of the physical impacts of the nature and climate crises, UK insurer Aviva has warned, calling for urgent education for governments and customers.