IAIS and SIF to Co-host Webinar on Climate-Related Risks in the Insurance Sector on 09 June 2020

The International Association of Insurance Supervisors (IAIS) and the Sustainable Insurance Forum (SIF) welcome you to join our webinar supporting the development of an Application Paper on the Supervision of Climate-related Risks in the Insurance Sector on Tuesday 9 June from 13.00 – 14.30 CEST (Basel time) .

The Application Paper is a follow-up to the Issues Paper on the Implementation of the Recommendations of the FSB Task Force on Climate-related Financial Disclosures (TCFD) published in February. This Application Paper aims to further support supervisors around the world in assessing and managing the impact of climate-related risks to the insurance sector, by describing how the ICPs can be utilised to address the risks associated with climate change. The focus of the Paper is on public disclosure, enterprise risk management, corporate governance and investments.

During the webinar, the IAIS and SIF will provide an update on the progress made in developing the Paper and, importantly, gather feedback from stakeholders on the proposed scope and outline. The draft Application Paper will be published for consultation later this year.