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UN's FIT launches transition plan guide for re/insurance underwriting
02 July 2025The UN-convened Forum for Insurance Transition to Net Zero (FIT) has released its inaugural guide to help re/insurers and brokers develop and disclose credible transition plans for their underwriting portfolios.
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EIOPA urges deeper biodiversity risk action amid promising insurer steps
01 July 2025Insurers have made encouraging first moves to address biodiversity risk, but much more is needed to manage its financial impact, according to the inaugural report on biodiversity risk management from the EU's insurance authority.
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Fossil fuel underwriting curbs are effective but implementation is patchy, study shows
01 July 2025"We need net-zero commitments to cover your underwriting portfolios, and this should include coal and all fossil fuels," UN Secretary-General António Guterres told insurers in 2021.
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UK's climate risk management proposals are a fundamental regulatory shift, say experts
02 May 2025Consultation paper represents a "complete rewrite" of existing rules for insurers
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EU Omnibus can simplify rules and boost sustainability, says Insurance Europe
12 February 2025Insurance Europe has emphasised its support for the European Commission's efforts to simplify sustainability regulations and enhance competitiveness through its first 'Omnibus' package.
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No insurers' models robustly capture nature risk, says Aviva nature lead
16 December 2024No insurance company can currently claim its models capture nature considerations robustly, according to Thomas Viegas, nature strategy lead at UK-based insurer Aviva.
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Life and health insurers begin exploring underwriting emissions reductions
16 December 2024Life and health insurers are starting to explore the potential of reducing greenhouse gas (GHG) emissions through their underwriting practices.
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Eiopa recommends additional capital requirements for insurers' fossil fuel assets
07 November 2024The European Insurance and Occupational Pension Authority (Eiopa) has recommended higher capital requirements for European insurers holding fossil fuel assets.
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UK government ambitious in delivering transition plan guidance, says Aviva's Paddy Arber
18 October 2024The UK's Labour government is showing "laudable" ambition in delivering guidance on transition plans amid inconsistent global efforts, according to Aviva's Paddy Arber.
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Insurers hope to put the credibility into carbon credits
01 October 2024Voluntary carbon credits are seen as a core element to future corporate climate commitments, and insurers are stepping in to bolster the confidence of buyers and sellers. Joshua Geer reports