- IAIS will soon embark on a new strategic direction following approval of its 2020-2024 Strategic Plan and Financial Outlook(SPFO)
- EIOPA publishes 2018 Annual Report
- IPCC circulates Final Draft including the Summary for Policymakers(SPM) of the Special Report on the Ocean and Cryosphere in a Changing Climate(SROCC) to governments
- UK motor insurers had impressive 2018 but prospects could worsen in next two years says EY research
- FCA publishes first annual perimeter report
- Insurer legacy systems holding back single customer view and slowing digital transformation says new MarkLogic global survey
- Econocom research indicates that over a quarter of businesses(26%) have had digital transformation projects fail expired
- Riskbook the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC) expired
- Argo deploys AVYST’s bi-directional forms system, eForms Wizard, making it possible for clients and brokers to enter risk details just once, at source expired
- SURA Columbia successfully deploys its integrated claims fraud detection programme for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. expired
- Brown appointed Non Executive Director at SSP expired
- Randall steps down as Group CEO at R&Q expired
9th June 2019
EIOPA launches consultation on a draft opinion on sustainability within Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on a draft opinion on sustainability within Solvency II. The draft opinion forms part of EIOPA's strategic activities on sustainable finance and follows a call for opinion from the European Commission. The consultation runs until 26th July 2019.
The draft opinion aims at integrating sustainability risks, in particular those related to climate change, in the investment and underwriting practices of (re)insurers. The opinion addresses the valuation of assets and liabilities, assesses current investment and underwriting practices and seeks to contribute to the integration of sustainability risks in market risks and natural catastrophe underwriting risks for the solvency capital requirements for standard formula and internal model users.
The draft opinion builds on EIOPA's Technical Advice on the integration of sustainability risks and factors in the delegated acts under the Solvency II Directive and the Insurance Distribution Directive.
EIOPA Trends(393 articles)
Solvency II Trends(1,634 mentions in Insurance Newslink)