-
Munich Re to refuse coverage for new oil and gas fields
07 October 2022Munich Re is to stop insuring and investing in projects for new oil and gas fields, midstream oil infrastructure and oil-fired power plants, in a bid to meet Paris Agreement climate targets.
-
Climate transition 'bigger risk' for insurers' portfolios than threat from physical risk
28 September 2022Transition rather than physical risks are the largest risks for insurance investment portfolios - and dealing with these requires greater attention from CIOs to providing climate transition projections and targets, according to experts.
-
Munich Re calls for more clarity on sustainable underwriting standards
13 September 2022Internal and external standards required to embed sustainability into reinsurers' underwriting activities are not yet established and this is proving a concern for the sector, Munich Re's reinsurance CEO has warned.
-
Moody's launches ESG risk tool for P&C insurers
07 September 2022Global risk assessment firm Moody's has worked with specialty re/insurer Chaucer to launch a tool to help property and casualty insurers integrate environmental, social and governance (ESG) risk ...
-
Nature risks 'neglected' in insurer underwriting
06 September 2022Nature-related risks are being neglected in the insurance sector's underwriting activities due to a lack of awareness and understanding, a report has said.
-
Reask and Fathom offer combined wind and flood risk models
24 August 2022Australian climate risk analytics firm Reask has partnered with UK flood risk modeller Fathom to offer insurers access to their combined risk data.
-
Irish regulator launches climate risk guidance for re/insurers
05 August 2022The Central Bank of Ireland (CBI) has launched a public consultation on its newly created climate change risk guidance for re/insurers, and warned the peril should no longer be managed as an emerging risk.
-
Eiopa elaborates on how insurers can consider climate change in Orsas
03 August 2022The 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).
-
Swiss Re says impact insurance could evolve into market 'staple'
01 August 2022Swiss Re, one of the world's largest reinsurers, would "like to see a convergence of impact investing and the insurance industry", commenting that 'impact insurance' helps the impact space attract more traditional investors.
-
Insurers reminded of climate change duty of care risk
15 July 2022Law firm Kennedys highlights the key trends in the climate litigation space