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Eiopa recommends additional capital requirements for insurers' fossil fuel assets
07 November 2024The European Insurance and Occupational Pension Authority (Eiopa) has recommended higher capital requirements for European insurers holding fossil fuel assets.
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UK government ambitious in delivering transition plan guidance, says Aviva's Paddy Arber
18 October 2024The UK's Labour government is showing "laudable" ambition in delivering guidance on transition plans amid inconsistent global efforts, according to Aviva's Paddy Arber.
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Insurers hope to put the credibility into carbon credits
01 October 2024Voluntary carbon credits are seen as a core element to future corporate climate commitments, and insurers are stepping in to bolster the confidence of buyers and sellers. Joshua Geer reports
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Zurich to drop oil and gas producers lacking credible transition plans by 2030
20 September 2024Zurich has unveiled its 2024 climate transition plan that sets interim targets and the strategy to achieve net-zero by 2050 across its insurance business, investments and operations.
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Solar power has a bright future, but factor in climate change, says Swiss Re
19 July 2024Solar operators, investors and insurers must "carefully consult" climate change scenarios to fully understand the future risks and opportunities from solar energy, according to Swiss Re.
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Insurers need government and regulators to step up on nature, says UK TNFD engagement lead
09 July 2024Current environment is not conducive for insurers to underwrite and invest with nature in mind
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Some 40 insurers set out plans for nature action with UN
30 May 2024The UN's Principles for Sustainable Insurance (PSI) has outlined the "concrete outputs" it aims to produce from its Nature-Positive Insurance (NPI) working group.
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UN kills off NZIA and launches multi-stakeholder forum for net zero
25 April 2024The UN Environment Programme (UNEP) has discontinued the Net-Zero Insurance Alliance (NZIA), which suffered an exodus of most of its members in spring 2023 due to antitrust risks.
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Allianz rejected 34 insurance deals in 2023 due to sustainability risks
14 March 2024Allianz's sustainability assessment processes resulted in it not proceeding with insurance transactions for 34 customers last year, according to its 2023 sustainability report.
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Nature is a natural fit for insurers but comes with difficulties, says Zurich director
12 March 2024Putting capital into nature makes sense for insurers' business models, Danielle Brassel, director of responsible investment at Zurich, has said, but there remain issues before the industry can fully integrate it into their work.