MSCI in practice: climate change risks in the Own Risk and Solvency Assessment (ORSA) explained
Climate change risks in the Own Risk and Solvency Assessment (ORSA) explained: Putting the EIOPA’s application guidance into practice.
Climate change can materially impact the (re)insurance industry through both the asset and liability side of their balance sheets. The European Insurance and Occupational Pensions Authority (EIOPA) has recently published guidance on how to address climate-related risks from transition and physical impacts in the Own Risk and Solvency Assessments (ORSA) as part of (re)insurers’ risk management. Such assessment should include a materiality assessment of climate risk and, where the risk is assessed to be material, (re)insurers are expected to use climate scenarios to assess potential financial exposures to climate change.
This MSCI in Practice session will highlight how MSCI´s climate datasets and models can support (re)insurers in putting the EIOPA’s application guidance into practice.
|Watch on-demand here|
Sept 6, 2022
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