last update on: 11/10/2021

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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