BoE: Insurers need a plan to capture missing ESG data
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BoE: Insurers need a plan to capture missing ESG data

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Missing data and inconsistencies around insureds’ ESG ratings are hampering the way insurers respond to climate risks, according to the Bank of England.

In a speech delivered yesterday at an event hosted by the trade body UK Finance, the Bank of England’s Anil Kashyap, a member of the financial policy committee, outlined issues that emerged from the bank’s recent climate stress test.

He...

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