Archive

Insured losses would increase 200% in worst climate scenario, EIOPA warns

30% of insurers' investments highly dependent on nature, EIOPA says

About 30% of Eurozone insurers' investments are highly dependent on nature, according to analysis of about €2.3 trillion ($2.5 trillion) of insurers' investments in corporate bonds and equity.

Eiopa launches free app to help with physical climate risk modelling

The European Insurance and Occupational Pensions Authority (Eiopa) has launched free software in a bid to help bring climate and natural catastrophe modelling to a wider range of users.

ECB and EIOPA call for EU wide natural disaster insurance scheme

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.

EIOPA welcomes growing 'convergence' of ISSB and EU standards

EIOPA has welcomed what it called a convergence of the definition of financial materiality in EU and international sustainability standards.

Eiopa: how we plan to stop insurers greenwashing

Europe's insurance authority explains its plans to address greenwashing, including how the term is defined and what measures it intends to take to prevent it, in this Q&A with Joshua Geer

Regulators consider capital for climate risk

Insurance regulators are keen to ensure their prudential frameworks properly incorporate climate risk. But whether this should be reflected in capital requirements is proving a difficult question to answer, as Christopher Cundy reports

Commission asks EU regulators for 'greenwashing' risk reports

The European Commission has asked the European Supervisory Agencies (ESAs) to provide reports within two years on the extent of 'greenwashing' in the bloc's financial markets and the potential policies it could use to tackle the risks.

Eiopa elaborates on how insurers can consider climate change in Orsas

The European Insurance and Occupational Pensions Authority (Eiopa) has published additional guidance on how insurers can assess climate change risks in their own risk and solvency assessments (Orsas).

EU reporting on adverse impacts 'lacks detail'