Chairperson - European Insurance and Occupational Pensions Authority (EIOPA)
Insurance Commissioner - National Association of Insurance Commissioners
Executive Director, Prudential Policy Directorate & Chair of the Executive Committee, IAIS - Bank of England
MEP, ECON Committee - Committee on Economic and Monetary Affairs, European Parliament
AXA Group Chief Risk Officer and Chair of the Net Zero Insurance Alliance (NZIA) - AXA Group
Vice President and Head of Global Government Relations Regulatory Policy Group - MetLife, Inc.
Head Group Qalitative RM - Swiss Re Management Ltd
Head of Sustainability Risk - Zurich Insurance Group
Head of Global P&C - Allianz SE
The session aims at clarifying the challenges posed by such an unprecedented type of risk and identifying subsequently the strengths and weaknesses of the tools and approaches proposed by policy makers in the EU insurance sector.
Finally, the session will try to outline the factors and policy priorities favouring not only an effective climate and sustainability risk reduction in the insurance sector, but also enabling a swift enough transition by insurance including regarding the supply of sustainability related products, while notably avoiding possible unnecessary legal and reputational threats.
Points of discussion
- What is the level of sustainability risk observed in the EU insurance sector?
- What has been achieved in the insurance sector to embed sustainability in internal processes? What are the main risk-mitigation approaches available and the climate-related data challenges faced?
- What is the role of insurance undertakings on a swift sustainability transition of the EU? How to achieve an effective reputational and political stability for financial institutions?