Your browser does not support JavaScript!

Sustainability risks and challenges in the insurance sector (sector resilience, contribution to the EU economy adaptation)

Day 1 Morning

Wednesday 07 September

Room :



Alberto Corinti
Member of the Board of Directors - Italian Insurance Supervisory Authority (IVASS)
Public Authorities
Andrew Mais
Vice President, Commissioner, Connecticut Insurance Department - National Association of Insurance Commissioners (NAIC)
Fausto Parente
Executive Director - European Insurance and Occupational Pensions Authority
Romain Paserot
Deputy Secretary General - International Association of Insurance Supervisors (IAIS)
Industry Representatives
Gerardo Di Filippo
Head of Group Risk Management Processes and Operations - Generali
Renaud Guidée
Chief Risk Officer & Chair, Net Zero Insurance Alliance (NZIA) - AXA Group

Objectives of the session

Supervisors are assessing on an ongoing basis US, European and national insurers’ exposure to physical climate change risks. More generally they are outlining the appropriate climate risk disclosures, stress testing approaches and scenarios, and working out climate related risk modeling in both underwriting and investments.

In addition, supervisors, globally, consider how to foster innovative insurer solutions to address climate risk and resiliency, stimulate insurance product innovation directed at reducing, managing and mitigating climate risk, and closing protection gaps.
All these efforts regarding disclosures, and risk assessment and mitigation are as much as possible coordinated and made consistent at the global level by the IAIS.

The session in this context is intended to depict the actual exposure of the insurance sector to sustainability risk, notably climate related ones, and to take stock on the progress made globally to measure and mitigate them, and finally understand what initiatives are making that the role of insurance companies may play to accelerate the transition, is gaining momentum.

Points of discussion

  1. What are the level and extent of the current sustainability risks faced by the insurance sector in the EU and related risk assessment and mitigation challenges ahead?
  2. What is the contribution of the insurance sector to an optimal adaptation of the EU economy?
  3. How can regulation and supervision improve the resilience and the contribution of the insurance sector?