Climate change poses significant risks that may affect the broader stability of the financial system including the insurance sector. While climate-related risks are expected to materialise over time, it is important that the insurance industry strengthens its understanding and assessment of such risks now and potential future impacts. For supervisors, it is within their role and mandate to ensure that the financial system remains resilient to climate risks. Since its conception, the Task Force on Climate-Related Financial Disclosures (TCFD) framework has helped inform practices related to climate-risk disclosure as well as approaches that supervisors can leverage on to support their broader supervisory objectives relating to climate risk assessment.
On 27 January, the A2ii and IAIS will be hosting a supervisory dialogue on Climate-related Financial Disclosure and Implications for Supervisors. Participants will hear from experts from the Sustainable Insurance Forum (SIF) who will highlight key messages from the joint IAIS-SIF Issues Paper on the Implementation of the Recommendations of the Task Force on Climate-related Financial Disclosures. The paper provides an overview of practices that supervisors have considered in the development of climate-related disclosure requirements within their markets. Participants will also hear from FSD Africa who will highlight their work on ESG regulation and disclosure in select Sub-Saharan Africa countries.
This webinar will be open to supervisors only and will take place at 10:00 CET in English (with simultaneous French interpretation) and one at 16:00 CET in English (with simultaneous Spanish interpretation). It will last one hour and will take place via WebEx.
We are the implementation arm of the International Association of Insurance Supervisors (IAIS) on Inclusive Insurance. We generate and disseminate knowledge, build capacity, contribute to IAIS standard-setting, we foster learning and dialogue, support implementation at the regional and national levels, and participate in global advocacy processes.