Insurance

UN's FIT launches transition plan guide for re/insurance underwriting

The 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.

EIOPA urges deeper biodiversity risk action amid promising insurer steps

Insurers 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.

TNFD, KPMG, UNDP launch nature insurance programme

Fossil fuel underwriting curbs are effective but implementation is patchy, study shows

"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.

Insurers 'must embrace cat bonds to help agricultural resilience'

European insurers have been urged to adopt financial mechanisms such as catastrophe bonds to help "share" the climate risk facing the agricultural sector.

Strengthen blended finance for resilience, urges Zurich

Taxonomy alignment of EU insurers and pension fund assets around 10%, EIOPA says

IDF to launch insurance-funded adaptation blended finance fund

From Jennifer Forrest in Monaco

Tokio Marine's green underwriting specialist targets $1bn revenues

A green insurance specialist launched by Tokio Marine is targeting $1 billion in revenues within five years, as businesses decarbonise or transition to a greener economy.

Generali returns with 'unique and distinctive' sustainability cat bond

Italian insurer Generali has sponsored its second €200 million ($226 million) 'sustainability' catastrophe (cat) bond, replacing its ground-breaking 'green' insurance-linked security (ILS) a year after it expanded its framework.

Tokio Marine launches 'green transformation' underwriting business

'World first' jaguar insurance launched

US withdrawal from Paris Agreement to increase risk to insurers, EIOPA warns

The EU's insurers face increased sustainability-related risk exposure in the next 12 months, linked to the US withdrawals from the Paris Agreement and the World Health Organization (WHO), according to the EU's pensions and insurance regulator.

UK's climate risk management proposals are a fundamental regulatory shift, say experts

Consultation paper represents a "complete rewrite" of existing rules for insurers

Insurers 'investing billions in fossil fuel companies'

Insurers are "complicit in climate collapse", a campaign group has warned, with five of the largest insurers investing upwards of $6.5 billion in fossil fuels.

Low Carbon and Paratus partner for 'world-first' energy price risk policy

Energy price risk (re)insurer Paratus and renewable energy company Low Carbon have partnered for what has been described as a 'world-first' insurance policy to mitigate energy price volatility.