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EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards
13 March 2025The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.
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BlueOrchard backs extreme weather risk solution provider
11 March 2025 -
First climate insurance payout for coffee farmers
17 February 2025 -
Raise insurers' capital requirements for fossil fuel assets, EU urged
12 February 2025 -
Tweak Solvency II to make it easier to invest outside OECD, says Banque de France
11 February 2025A senior representative of the Banque de France has called for the European capital adequacy regime for insurers to be amended to allow more investment in non-OECD countries.
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US Treasury's insurance office withdraws from NGFS, citing Trump order
31 January 2025 -
Eiopa proposes adjusting Solvency II standard formula calibrations for natcat risks
31 January 2025The European Insurance and Occupational Pensions Authority (Eiopa) has recommended new risk factors for natural catastrophes (natcats) in the Solvency II standard formula capital calibrations.
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'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers
28 January 2025The president of Germany's financial supervisor has told banks and insurers they need to collect better data and improve forward-looking analysis, as he warned them not to "wait for the next disaster" before addressing physical climate risks.
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US mortgage industry needs to price climate risk 'more realistically', says Delterra Capital
16 January 2025The US mortgage industry is not yet factoring in physical climate risk as "realistically" as is needed, but this could become more likely with the potential privatisation of lenders Fannie Mae and Freddie Mac, Delterra Capital has said.
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EIOPA and ECB endorse pan-EU reinsurance pool to address natcat protection gap
18 December 2024The EU could establish a public-private reinsurance scheme to help increase coverage for natural catastrophe risk, according to the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB).