Supervision of Climate-related Risks in the Insurance Sector

This module is based on the Application Paper on the Supervision of Climate-related Risks in the Insurance Sector published by the Sustainable Insurance Forum (SIF) and IAIS

Supervisors will learn about:

• integrating their climate risk considerations into their regulatory framework
• working with with insurers to highlight the impact of climate change on business profiles and portfolios

Scope: 

• Supervisory review and reporting (ICP 9)
• Corporate governance, risk management and internal controls (ICP 7 & 8)
• Enterprise risk management for solvency purposes, including scenario analysis and stress testing (ICP 16)
• Investments (ICP 15)
• Disclosures (ICP 20)

Download the paper here: Supervision of Climate-related Risks in the Insurance Sector

The module includes a case study by the Bank of England on how they have approached integrating climate related risks into their supervisory and regulatory framework.

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