Sustainable Insurance: The Emerging Agenda for Supervisors and Regulators
Key sustainability factors are now recognized as potentially significant for the success, safety and soundness of the insurance sector – inspiring reactions by supervisors and regulators. In its role as risk manager, risk carrier and investor, the global insurance sector plays a cornerstone role in the management of sustainability-related risks and opportunities. The risk transfer tools of insurance along with the deployment of its long-term capital base are highly relevant for many of the 17 Sustainable Development Goals (SDGs) and the goals of the Paris Agreement on climate change.
The goal of the Sustainable Insurance Forum (SIF) is to strengthen insurance supervisors’ and regulators’ understanding of and responses to sustainability challenges for the business of insurance. Convened by UN Environment, the SIF provides a global platform for knowledge sharing, policy dialogue, international collaboration, and identification of best practices.