Climate change insurance: addressing financing challenges and moral hazard, respective roles of public/private sectors

Context and objectives of the session Climate change insurance has become essential in the face of increasingly frequent and severe climate-related disasters. Insurers face mounting challenges in accurately pricing premiums and assessing risks due to the unpredictable nature of extreme weather events. Recent floods in Germany, causing 35 billion euros in damages in 2021, illustrate … Continued

Objectives of the roundtable Europe has entered a period of persistent inflation with slow growth although unemployment remains relatively low. This opening session will assess the right policy mix – monetary-fiscal interaction – for coping with persistent high inflation and the reduction of growth in Europe. The panel will first discuss the steps the ECB … Continued

Objectives of the roundtable The session will look at the lessons to be learned from the banking turbulence at the start of the year in terms of regulation and supervision. Speakers will be invited to express their views on whether the lessons and adjustments needed are more a matter for supervision or regulation and on … Continued

Objectives of the session The insurance sector grapples with escalating climate and environmental risks. Quantifying these risks and lacking standardized measurement methodologies hinder risk assessment. Regulators emphasize data collection and stress testing to enhance accuracy. Striking a balance between sectoral and company-specific approaches for risk assessment is crucial. Transition planning’s role is under consideration. Climate … Continued

Context and objectives of the session In the banking sector, climate change is recognized as the foremost existential threat, demanding global cooperation due to its widespread impact. The specific time horizon of climate change necessitates a long-term perspective, while today’s actions will shape the next three decades. Banks, exposed to trillions in carbon-intensive sectors, face … Continued