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US withdrawal from Paris Agreement to increase risk to insurers, EIOPA warns
07 May 2025The 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.
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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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Insurers 'investing billions in fossil fuel companies'
24 April 2025Insurers 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.
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Low Carbon and Paratus partner for 'world-first' energy price risk policy
09 April 2025Energy 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.
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Innovative parametric insurance product helps protect against flooding in Togo
31 March 2025 -
EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards
13 March 2025The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.
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BlueOrchard backs extreme weather risk solution provider
11 March 2025 -
First climate insurance payout for coffee farmers
17 February 2025 -
Raise insurers' capital requirements for fossil fuel assets, EU urged
12 February 2025 -
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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