Speakers
Objectives
The insurance sector faces an expanding set of risks that combine macro-financial, climate-related and digital vulnerabilities. Rising interest rate volatility, liquidity strains, and exposures to alternative assets are reshaping balance sheets, while climate change creates both physical and transition risks that affect underwriting and investment strategies. At the same time, cyber threats and AI-driven transformations pose new operational challenges. Supervisors worldwide, from the IAIS to the NAIC and EIOPA, are strengthening macroprudential oversight and integrating climate and digital risks into prudential frameworks. Yet, policymakers also face growing calls for simplification and proportionality.This session will examine whether current frameworks are sufficiently forward-looking, how supervisory practices can adapt to new vulnerabilities, and how international and EU coordination can reduce fragmentation while maintaining resilience, consumer protection, and market efficiency.
Points of discussion
- What are the most pressing risks insurers face today (macro-financial shocks, climate exposures, cyber threats), and are existing prudential frameworks equipped to capture them, or is a more fundamental rethink required?
- How should climate vulnerabilities be better integrated into Solvency II and supervisory practices, and what role can insurers play in financing the transition while managing balance sheet complexity and protection gaps?
- How can international and EU cooperation foster convergence on climate and cyber risk supervision, avoid regulatory fragmentation, and strike the right balance between simplifying rules and strengthening resilience?