Climate risk management for insurers – benchmarking of emerging best practice

This paper evaluates the current state of climate risk integration within the European insurance industry by analysing the climate-related public disclosures of some of the largest European and UK insurers.

By focusing primarily on investment approaches and drawing from a wide range of disclosures across the market including the Solvency and Financial Condition Reports (SFCRs) and other publicly disclosed information, it identifies areas of best practice as well as gaps in climate risk disclosure and integration. This paper is a collaboration between Royal London Asset Management and Solvency II Wire, building on our combined insurance expertise, relationships, and data sources.

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