The evolving climate risk regulatory landscape – what (re)insurers should be thinking about now

In the videos below, we explore; upcoming regulatory requirements and expectations and how these impact insurers’ climate related financial disclosures including a focus on Taskforce on Climate Related Financial Disclosure (TCDF) and drivers and enablers for insurers to embed climate risk, as part of the broader integration of ESG into business decisions.

View the session in its entirety:

• The evolving climate risk regulatory landscape for (re) insurers

View the presentations separately:

Regulatory expectation over the next few years and immediate short-term priorities for (re)insurers

This session will focus on upcoming regulatory requirements and expectations both in the immediate and medium-term horizons, and how these impacts on insurers’ climate related financial disclosures.

Stefan Claus, Technical Head of Division and Giorgis Hadzilacos, Senior Technical Specialist, Catastrophe & Climate Risk - Bank of England

Task Force on Climate Related Financial Disclosure (TCFD)

Discussion on the findings from the Willis Towers Watson 2021 TCFD pulse survey, covering PC and life insurers, that assesses the preparedness of the insurance industry in the UK. Both climate change risk assessment and embedding climate change in business-as-usual risk management framework will be discussed.

Adhiraj Maitra, Director - Willis Towers Watson

Panel Discussion: Drivers and enablers for insurers to embed climate risk, as part of the broader integration of ESG into business decisions.

Drivers and enablers for insurers to embed climate risk into business decisions. Discussion centred around regulation, governance, investment and realising opportunities.

Dr. Tina Thomson, Head of EMEA West-South Catastrophe Analytics - Willis Re. Huw Evans, Director General - Association of British Insurers. Vinay Mistry, Chief Risk Officer, Executive Director - Apollo Syndicate Management Limited. Laura Cooke, Partner - Clyde & Co. Mike Eakins, Chief Investment Officer and Group Executive Committee Member - Phoenix Group plc.