Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group July 14, 2021 By Marc Jones Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a...
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services July 9, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and...
Global Financial Regulators Seek Coordinated Response to Climate Change Risk July 7, 2021 By Nicholas Comfort The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still...
Japanese Insurers Struggle with Climate Change Cost Estimates June 25, 2021 By Leika Kihara and Takahiko Wada TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees...
Explaining Climate Change and Financial Disclosure for Insurers June 25, 2021 TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort...
UK Struggles to Adapt to Impact of Climate Change June 18, 2021 By Jessica Shankleman The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused...
Bank of England Launches Climate Change Stress Test for Insurers, Banks June 8, 2021 By Huw Jones The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial...
Broker Howden Launches World’s 1st Fully Sustainable Insurer, Parhelion June 2, 2021 Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as “the world’s...
Swiss Financial Watchdog Requires Insurers, Banks to Disclose Climate Change Risks June 1, 2021 ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face...
Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report May 27, 2021 By Andrea Januta There is now a 40% chance that global temperatures will temporarily reach 1.5 degrees Celsius above pre-industrial levels in the...