Globally, there is an increasing understanding and awareness of the potential impact of climate change on the financial system, including the insurance sector. Climate change, as well as the corresponding adaptation and mitigation initiatives, such as the reduction of greenhouse gas emissions (GHG) are expected to have wide-ranging impacts on the structure and functioning of the global economy and financial system. For the insurance industry, climate change also presents an opportunity to build greater resilience. Meanwhile for supervisors, an adequate response will be required to address both the risks and opportunities emerging from climate change including meeting the objectives of protecting policyholders, contributing to financial stability and promoting the maintenance of a fair, safe and stable insurance market.
On 8 July, the A2ii and IAIS will be hosting a dialogue based on the Sustainable Insurance Forum (SIF) and IAIS joint Application Paper on the Supervision of Climate-Related Risks in the Insurance Sector. The paper aims to support supervisors in their efforts to integrate climate risk considerations into the supervision of the insurance sector. Participants will hear from experts from the SIF and IAIS who will present highlights from the application paper as well as invited supervisory authorities who will share experiences related to supervision of climatic risks in emerging and developing markets.
This webinar will be open to supervisors only and will take place at 10:00 CEST in English (with simultaneous French interpretation) and 16:00 CEST in English (with simultaneous Spanish interpretation). It will last one hour and will take place via WebEx.
10:00 CEST confirmed speakers:
Peter Kohlhagen, Co-chair of the SIF/IAIS drafting team and Member of the Policy Development Committee and Audit and Risk Committee. General Manager, Advice & Approvals, Australian Prudential Regulation Authority (APRA)
Siham Ramli, Director of Communications and International Affairs, Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS), Morocco
Christiaan Henning, Senior Insurance Analyst, South-African Reserve Bank
Moderator: Hanne van Voorden, Senior Policy Advisor, IAIS
16:00 CEST confirmed speakers:
Emmanuel Rocher, Co-chair of the SIF/IAIS drafting team and Member of the IAIS Macroprudential Committee. Director, International Affairs, Autorité de contrôle prudentiel et de resolution (ACPR)
Carolina Flores Tapia, Coordinator of the CMF Climate Change Working Group, Comisión para el Mercado Financiero (CMF), Chile
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.