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Climate change "an important factor" in reinsurance renewals
06 January 2020The impact of climate change was "an important factor" during negotiations on the price of retrocession agreements in the 1 January renewals, according to Guy Carpenter.
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Talanx finds little value in ESG investing - but for surprising reason
21 November 2019German re/insurer reveals correlation between market risk and ESG score
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Eiopa sets expectations on insurers to take climate action
01 October 2019Opinion on sustainability in Solvency II acknowledges challenges to integrating climate change risk
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Generali becomes first EU insurer to issue a green bond
24 September 2019Italy’s Generali has become the first EU insurer to issue a “green bond”.
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UK regulator advises insurers on physical risks from climate change
22 May 2019The UK's Prudential Regulation Authority (PRA) has collaborated with the insurance industry to produce a framework to help general insurers understand the potential financial impacts from physical climate change risk.
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2018 cat losses will be far worse than early estimates, says JLT Re
28 January 2019Total insured catastrophe losses for 2018 will be significantly higher than the $80 billion -90 billion reported by Swiss Re, Munich Re, Aon and others, according to broker JLT Re.
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Environmental concerns top World Economic Forum's risk lists
16 January 2019Environmental risks have once again dominated the World Economic Forum (WEF) lists of the most likely and impactful risks facing the world.
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European insurers to face climate stress tests in 2020
15 October 2018The European Insurance and Occupational Pensions Authority (Eiopa) is set to include climate change and sustainability risks in its 2020 stress test for insurers.
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Typhoon Jebi could cost insurers up to $4.5bn, says analysts
10 September 2018Insured losses from typhoon Jebi will be between $2.3 billion and $4.5 billion, according to risk modelling firm AIR Worldwide.
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Climate change could cause UK flood losses to rise by 30%
16 July 2018Annual average losses resulting from flooding at residential properties in the UK could rise by 25% - 30% over the next 20 years as a result of climate change, according to JBA Risk Management.