Paul Walsh

Articles by Paul Walsh

  • Howden finds $10trn of insurance coverage needed for net-zero transition

    24 June 2024

    Over half of the $19 trillion committed to financing the transition to net-zero emissions by 2030 will require additional insurance coverage, according to a report from insurance broker Howden.

  • Insurers facing issues in quantifying nature risk

    13 June 2024

    Incorporating nature and biodiversity risks into the Solvency II own risk and solvency assessment (Orsa) presents challenges for insurers due to mismatching timeframes and lack of data, according to ASR.

  • Paris Agreement 'missed a trick' by not creating standard-setters, says Swiss Re

    16 February 2024

    The insurance sector must look to external bodies to define the standards needed to make progress towards net-zero - but those bodies don't exist, according to Swiss Re's CEO.

  • NZIA ditches all emissions targets for insurers

    06 July 2023

    The Net-Zero Insurance Alliance (NZIA) has scrapped all requirements for member firms to set and publish emissions reduction targets following a mass exodus of members in recent months.

  • NZIA exodus continues as Allianz, Axa and Scor depart

    26 May 2023

    Allianz, Axa and Scor have withdrawn from the Net-Zero Insurance Alliance (NZIA), taking the total number of departures from the coalition to seven.

  • ECB and EIOPA call for EU wide natural disaster insurance scheme

    24 April 2023

    The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.

  • Zurich follows Munich Re in withdrawing from the NZIA

    05 April 2023

    Zurich has become the second founding member to withdraw from the Net-Zero Insurance Alliance (NZIA) only days after Munich Re's departure from the alliance.

  • Climate change tops WEF's long-term global risks

    12 January 2023

    The World Economic Forum (WEF) has identified four environmental challenges among its ranking of the "most severe" risks over the next decade, with climate change again topping its list.

  • Climate change litigation: 11 key cases for insurers to watch

    23 December 2022

    The Climate Financial Risk Forum (CFRF) has identified the key climate change legal cases that could impact insurers and recommended measures the sector should take to address this growing trend.

  • Regulators' climate scenario analyses could be understating risks, warns FSB

    15 November 2022

    The climate scenario analyses carried out by financial authorities may underestimate exposures and vulnerabilities, as they are not capturing the second-order impacts associated with climate change, the Financial Stability Board (FSB) has said.