Eiopa calls for 80-year lens on climate risk in solvency calculations
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Eiopa calls for 80-year lens on climate risk in solvency calculations

Laura Board
19 April 2021
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The European Insurance and Occupational Pensions Authority (Eiopa) has called for carriers to factor in climate risk stretching forward to the end of the century in their risk and solvency assessments (Orsa) within the Solvency II framework.

In an opinion following a consultation, Eiopa said national supervisory authorities should expect insurers to integrate climate risk into governance, risk management and the Orsa solvency calculation over the long term and short term.

Eiopa

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