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US withdrawal from Paris Agreement to increase risk to insurers, EIOPA warns

The EU's insurers face increased sustainability-related risk exposure in the next 12 months, linked to the US withdrawals from the Paris Agreement and the World Health Organization (WHO), according to the EU's pensions and insurance regulator.

UK's climate risk management proposals are a fundamental regulatory shift, say experts

Consultation paper represents a "complete rewrite" of existing rules for insurers

Insurers 'investing billions in fossil fuel companies'

Insurers are "complicit in climate collapse", a campaign group has warned, with five of the largest insurers investing upwards of $6.5 billion in fossil fuels.

Low Carbon and Paratus partner for 'world-first' energy price risk policy

Energy price risk (re)insurer Paratus and renewable energy company Low Carbon have partnered for what has been described as a 'world-first' insurance policy to mitigate energy price volatility.

'World first' parametric wildfire insurance deal inked

A deal in California aims to incentivise sustainable forest management to prevent wildfire risk, and could be replicable across the globe. Genevieve Redgrave reports

Innovative parametric insurance product helps protect against flooding in Togo

EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards

The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.

BlueOrchard backs extreme weather risk solution provider

First climate insurance payout for coffee farmers

Raise insurers' capital requirements for fossil fuel assets, EU urged