PRA warns carriers over inconsistent progress on climate change
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PRA warns carriers over inconsistent progress on climate change

Luke Harrison
12 January 2022
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The Prudential Regulation Authority (PRA) has warned insurers that progress on embedding expectations on climate change has “not been consistent across all firms”, with many needing to do more work, in a Dear CEO letter detailing focus areas for 2022.

Setting out expectations for insurers on issues such as climate change, systemic risks, inflation and a stress test planned for later this year, the PRA said firms are placing too much focus on the business opportunities that have been...

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News London market Regulation PRA
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Luke Harrison
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