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Global capital requirement for climate risks is crucial for transition
Japanese regulator recommends framing global warming as "a time bomb" to spur action
European Council calls for biodiversity risk assessment in Solvency II review
Eiopa given two new mandates in Council's plan
Verisk: insurers must focus on inflation during hurricane season
The US data analytics provider said an increase in cost of materials and labour contributed to unusual market pricing in 2021
Sompo's new coal policy still has major loophole, say activists
The Japanese insurer will not support coal-fired power plants and coal mines
UK climate test: some insurers likely to breach solvency ratios, says Fitch
The Climate Biennial Exploratory Scenario results for insurers and banks are due on 24 May
A troublesome transition
Under pressure to stop underwriting fossil fuels, insurers are having to balance the loss of profitable business with developing new products and avoiding reputational risks, as David Walker reports
Scor to end coverage for new oil field projects by 2023
However, climate activists slam Scor's restrictions for failing to cover gas
Insurers behind the curve on climate resiliency
Capgemini says only 8% surveyed insurers on course to achieve climate resiliency