Insurance Watchdog Floats Climate Planning In New Rules

Law360, London (October 5, 2020, 5:22 PM BST) — European insurers might be forced to stress-test their capital buffers against different long-term scenarios for a warming climate as the bloc’s regulators put sustainable finance at the top of their agenda.

The European Insurance and Occupational Pensions Authority, the EU’s insurance watchdog, said Monday it is considering introducing tougher new rules for insurers that will force them to consider the longer-term impacts of climate change on their finances.

“In EIOPA’s view, it is essential to foster a forward-looking management of climate change-related risks by insurers, also in the long term, and to enhance supervisory convergence across Europe,” the regulator said….

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS