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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).
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Swiss regulator finalises guidance on climate and nature-related financial risks
18 December 2024 -
No insurers' models robustly capture nature risk, says Aviva nature lead
16 December 2024No insurance company can currently claim its models capture nature considerations robustly, according to Thomas Viegas, nature strategy lead at UK-based insurer Aviva.
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Life and health insurers begin exploring underwriting emissions reductions
16 December 2024Life and health insurers are starting to explore the potential of reducing greenhouse gas (GHG) emissions through their underwriting practices.
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Insurance's annual renewal model is 'no longer fit for purpose'
05 December 2024The annual renewal model that is commonplace within the insurance industry "is no longer fit for purpose in a world that's in transition", a conference heard.
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Nature-positive guide launched for insurers
03 December 2024 -
EU supervisors estimate trillions in losses from 'run on brown' assets
19 November 2024European 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".
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COP29: Transition plan guide for insurance companies launched
15 November 2024 -
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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NZAOA members warn their progress on decarbonisation at risk from policy inaction
30 October 2024Insurers 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.
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Danish regulator uncovers shortcomings in bank and insurer taxonomy reporting
24 October 2024Denmark'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.
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More policy needed for city-level climate adaptation strategies, says Zurich
21 October 2024 -
Manulife IM: There's a long way to go on nature data
18 October 2024Manulife 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.
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Insurance industry 'not ready' for incoming nature risks, says Aviva
03 October 2024The 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.
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EIOPA urged to include transition risks in solvency requirements
25 September 2024
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