Sustainability
Insurers eye niche carbon credit fraud market
Marsh’s recently launched carbon credit fraud product, backed by Sompo, Brit and Talbot, is the latest development in a small but developing niche market
Australia reforms might open up ILS market: Fitch
Apra proposes cutting reinstatement requirements, which could help ILS
Climate change and extreme weather are reshaping the industry: S&P
Secondary perils like floods, wildfires, and severe convective storms are increasingly making up a larger portion of catastrophe losses
European insurers ‘resilient’ to transition risks, stress tests find
European regulators conduct a suite of climate stress tests, projecting the possible financial impact of the bloc’s climate goals
California’s Lara pushes forward catastrophe modelling reforms
State’s property insurance market has struggled with increasingly frequent storm and wildfire activity, prompting many carriers to restrict or cease writing property business
Establishing a ‘Climate Re’ might be the best solution to insurance’s climate challenge
Such a vehicle could sustain the insurance industry’s viability in the areas most at risk of climate change, but it is not without its difficulties
Spain flood insured losses to exceed €4bn: Morningstar
Climate change could stress Consorcio de Compensación de Seguros funding mechanism in the longer term, rating agency says
FIT launches transition guidance for underwriters
New guidance will enable any company in the real economy to understand how insurers are transitioning their business model, which can in turn support their own transition plan, chair of the UN Forum for Insurance Transition to Net Zero says
More insurers embrace net-zero underwriting, survey finds
Eight in 10 insurers are imposing ‘climate and sustainability’ underwriting frameworks amid pressure from reinsurers, according to a new survey by Marsh
When net-zero and competition law collide
Lloyd's is under pressure from campaigners to prohibit syndicates from underwriting fossil fuel risks, but whether such a prohibition would be legal under competition laws is not clear cut
Shell wins appeal against climate activist case
Ruling in favour of oil giant comes as Cop29 host defends record on emissions
Déjà vu and the UN climate talks
The art of transition for re/insurers lies in skilling up for sustainability, not only on the investment side, but also in underwriting
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