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Tweak Solvency II to make it easier to invest outside OECD, says Banque de France
11 February 2025A senior representative of the Banque de France has called for the European capital adequacy regime for insurers to be amended to allow more investment in non-OECD countries.
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US Treasury's insurance office withdraws from NGFS, citing Trump order
31 January 2025 -
Eiopa proposes adjusting Solvency II standard formula calibrations for natcat risks
31 January 2025The European Insurance and Occupational Pensions Authority (Eiopa) has recommended new risk factors for natural catastrophes (natcats) in the Solvency II standard formula capital calibrations.
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'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers
28 January 2025The president of Germany's financial supervisor has told banks and insurers they need to collect better data and improve forward-looking analysis, as he warned them not to "wait for the next disaster" before addressing physical climate risks.
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US mortgage industry needs to price climate risk 'more realistically', says Delterra Capital
16 January 2025The US mortgage industry is not yet factoring in physical climate risk as "realistically" as is needed, but this could become more likely with the potential privatisation of lenders Fannie Mae and Freddie Mac, Delterra Capital has said.
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EIOPA and ECB endorse pan-EU reinsurance pool to address natcat protection gap
18 December 2024The EU could establish a public-private reinsurance scheme to help increase coverage for natural catastrophe risk, according to the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB).
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Swiss regulator finalises guidance on climate and nature-related financial risks
18 December 2024 -
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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Insurance's annual renewal model is 'no longer fit for purpose'
05 December 2024The annual renewal model that is commonplace within the insurance industry "is no longer fit for purpose in a world that's in transition", a conference heard.
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Nature-positive guide launched for insurers
03 December 2024 -
EU supervisors estimate trillions in losses from 'run on brown' assets
19 November 2024European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".
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COP29: Transition plan guide for insurance companies launched
15 November 2024 -
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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NZAOA members warn their progress on decarbonisation at risk from policy inaction
30 October 2024Insurers and pension fund members of the Net Zero Asset Owner Alliance (NZAOA) have warned their progress on decarbonising their portfolios could be about to slow because the wider global economy is not showing signs of matching their efforts.
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