Leading insurers get heads down for climate risk stress test
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Leading insurers get heads down for climate risk stress test

bank-of-england.jpg

If the UK’s leading insurers were sitting public exams, the Bank of England’s just-launched climate risk stress test would be an extended, narrative essay compared to the multiple-choice test carriers took in 2019.

That’s the analogy used by PwC partner Jon Williams, whose firm is among an army of consultants conscripted to help carriers battle the mother of all risks and the associated, fast-mounting regulatory workload.

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