Archive

Australia's insurers to face climate stress tests in 2020

Australia's insurers are to undergo stress tests next year linked to the possible effects of climate change on assets they hold, reports say.

BoE widens climate risk stress test to banks

The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.

EBA plans climate stress test

InsuranceERM survey: CROs take the lead on climate risk management

Survey of UK insurers reveal roles responsible for financial risks arising from climate change

Spurring sustainable investments with capital charges

As sustainability makes its way into regulation, the question of capital charges punishing 'brown' investments or incentivising 'green' investments has come to the fore. While regulators are asking for risk-based evidence, stakeholders are not all in agreement on how to proceed. Vincent Huck reports

Central banks are 'not leading by example' on climate change

Central banks have started playing "a crucial role" in mobilising the institutions they supervise to address climate risks, but "seem more hesitant to lead by example" when it comes to their own investments, a report argues.

The 12 themes set to shape 2019

What are the areas to watch for responsible investing in 2019, asks Peter Cripps

Hurricanes spark 'witches brew of litigation' in US

"A witches' brew of litigation" is being brought in Texas in the wake of the hurricanes Harvey, Irma and Maria, a lawyer has warned, highlighting the growing liability risks that climate change and extreme weather events pose to businesses and insurers.

Investors offered tool to model low-carbon transition risk

A modelling tool to help investors and regulators assess how the transition to a low-carbon economy will impact the financial performance of infrastructure investments, has been launched by the ClimateWise Insurance Advisory Council.

Insurance supervisors support climate risk disclosure guidance

Insurance supervisors and regulators in 16 jurisdictions have welcomed guidance on climate change risk disclosure developed by the Task Force on Climate-related Financial Disclosures (TCFD).