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The Earthquake Commission's (EQC) new next-generation loss modelling capability will boost its ability to plan for future natural disasters and respond to them when they happen, the organisation says.
General insurers in India, China, Indonesia and Vietnam will take a gradual approach in reducing their exposure to coal or coal related industries according to a new report by Moody's Investors Service.
International insurance broker Howden estimates that as much as $1.5tn of total pension fund capital could be deployed in the (re)insurance space to help close the protection gap in poor communities who are facing the starkest effects of climate change.
To embed, copy and paste the code into your website or blog: Reports on recent UK and EU regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links. Contents Part VII insurance business transfers: FCA GC21/3 on proposed changes to its approach Solvency II: EIOPA supervisory statement on SCR breach Solvency II: EIOPA opinion on use of risk mitigation techniques by (re)insurers Solvency II: EIOPA consults on revision of guidelines on contract boundaries and on valuation of technical provisi...
The chairman of the Australian Prudential Regulation Authority (APRA), Mr Wayne Byres, has highlighted three important issues that are relevant and critical to the long-term strength and resilience of the financial sector. In a speech yesterday to the Committee for the Economic Development of Australia, he said that the issues are: climate-related risks; governance, culture, remuneration and accountability; and cyber security risks.. APRA is also adapting its supervision in response to evolving risks, launching a number of pilot projects to trial new ways of doing things. Climate-related risk...