Paris Agreement 'missed a trick' by not creating standard-setters, says Swiss Re
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.
US West Coast insurers face up to $40bn in climate-related losses
An analysis of the investments of insurers licensed in the US West Coast has found climate change could create losses of up to $40 billion for their corporate bond portfolios.
Innovative Fijian coral reef insurance policy inked
An innovative insurance policy that will help make a range of Fijian coral reefs more resilient to cyclone and storm damage has been signed.
Skane raises SEK400m from Folksam-backed green bond
French regulator highlights lack of consistency and granularity in insurers' climate disclosures
French life insurers' climate disclosures relating to their investment strategies are heterogeneous, incomplete and lack granularity, according to the French prudential regulator, Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Vidia Equity acquires German solar installer
Banks and insurers could harness Dutch climate adaptation label - Achmea
A proposed label to show the climate risks faced by properties could be used by banks and insurers in the Netherlands to promote investment in adaptation, an executive at Achmea has said.
EIOPA proposes capital charges on fossil fuel assets
Fossil fuel-related stocks and bonds pose higher market risks to insurers that could be mitigated via additional capital charges on these assets, the European Insurance and Occupational Pensions Authority (EIOPA) has suggested.
EIOPA proposes four principles to prevent greenwashing in insurance
The European Insurance and Occupational Pensions Authority (EIOPA) has today opened a consultation on its draft opinion on sustainability claims and greenwashing.