The A2ii participated in this fourth meeting of the Sustainable Insurance Forum (SIF) that included supervisors from 15 different jurisdictions. The SIF launched in December 2016 with the aim to bring together insurance supervisors to tackle issues of common concern with respect to sustainable development. Since its inception, its main focus has been on climate change issues and in this regard, it has developed a joint IAIS-SIF Issues Paper on Climate Change Risks to the Insurance Sector. It is intended that a final draft of the paper will be published following the IAIS committee meetings in Moscow later in the year.
At the meeting in Rio supervisors worked together on several new tracks of work, including the development of tools and training materials on sustainability issues to help supervisors raise these issues in their ongoing engagements with firms. In addition, the SIF agreed to develop a guidance document on how insurance supervisors can leverage their strengths to encourage the development of sustainable insurance markets – and support broader strategic efforts to promote sustainable finance across banking, investment, and capital markets. The A2ii also presented at the meeting sharing its experiences in conducting capacity building activities with supervisors.