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Allianz rejected 34 insurance deals in 2023 due to sustainability risks
14 March 2024Allianz's sustainability assessment processes resulted in it not proceeding with insurance transactions for 34 customers last year, according to its 2023 sustainability report.
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Lack of nature-related scenarios a challenge for target setting, insurers say
13 March 2024While insurers increasingly consider nature and biodiversity in their investment programmes, leveraging the work done on climate to set targets on nature is not always an easy fit..
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Nature is a natural fit for insurers but comes with difficulties, says Zurich director
12 March 2024Putting capital into nature makes sense for insurers' business models, Danielle Brassel, director of responsible investment at Zurich, has said, but there remain issues before the industry can fully integrate it into their work.
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Paris Agreement 'missed a trick' by not creating standard-setters, says Swiss Re
16 February 2024The 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.
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US West Coast insurers face up to $40bn in climate-related losses
07 February 2024An 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.
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Innovative Fijian coral reef insurance policy inked
05 February 2024An innovative insurance policy that will help make a range of Fijian coral reefs more resilient to cyclone and storm damage has been signed.
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French regulator highlights lack of consistency and granularity in insurers' climate disclosures
22 January 2024French 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).
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Banks and insurers could harness Dutch climate adaptation label - Achmea
24 December 2023A 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.
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EIOPA proposes capital charges on fossil fuel assets
13 December 2023Fossil 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.
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EIOPA proposes four principles to prevent greenwashing in insurance
12 December 2023The European Insurance and Occupational Pensions Authority (EIOPA) has today opened a consultation on its draft opinion on sustainability claims and greenwashing.