Insurance

Swiss Re launches 'first-of-its-kind' carbon credit insurance

Swiss Re Corporate Solutions supports insurance for long-term carbon credits

Solar power has a bright future, but factor in climate change, says Swiss Re

Solar operators, investors and insurers must "carefully consult" climate change scenarios to fully understand the future risks and opportunities from solar energy, according to Swiss Re.

Insurers need government and regulators to step up on nature, says UK TNFD engagement lead

Current environment is not conducive for insurers to underwrite and invest with nature in mind

AXA Climate to launch forestry insurance

Insurers facing issues in quantifying nature risk

Incorporating nature and biodiversity risks into the Solvency II own risk and solvency assessment (Orsa) presents challenges for insurers due to mismatching timeframes and lack of data, according to ASR.

Some 40 insurers set out plans for nature action with UN

The UN's Principles for Sustainable Insurance (PSI) has outlined the "concrete outputs" it aims to produce from its Nature-Positive Insurance (NPI) working group.

Carbonaires and NUMA Partners to tackle VCM in Latam

UK regulator likely to require bank, insurer transition plan disclosure, Crowe predicts

UK banks and insurers are likely to be required to disclose climate transition plans and demonstrate how they are engaging with clients to achieve targets in these plans, under expected updates by the Prudential Regulation Authority (PRA), consultancy Crowe has predicted.

UN kills off NZIA and launches multi-stakeholder forum for net zero

The UN Environment Programme (UNEP) has discontinued the Net-Zero Insurance Alliance (NZIA), which suffered an exodus of most of its members in spring 2023 due to antitrust risks.

NZAOA releases fourth target setting protocol

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has released the fourth edition of the Target-Setting Protocol (TSP V4) which expands private asset classes coverage, requires a new round of targets and introduces the assessment of govvies' holdings.

WTW secures funding for climate shock insurance product

Allianz rejected 34 insurance deals in 2023 due to sustainability risks

Allianz's sustainability assessment processes resulted in it not proceeding with insurance transactions for 34 customers last year, according to its 2023 sustainability report.

Lack of nature-related scenarios a challenge for target setting, insurers say

While 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..

Nature is a natural fit for insurers but comes with difficulties, says Zurich director

Putting 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.