Bank of England issues climate risk guidance to 'unlock action' from insurers

Michael Holder
clock • 3 min read

Developed by industry and regulators, aim is to help insurers draw up management approaches to climate risk

The Bank of England (BofE) yesterday issued new guidance to help insurance and reinsurance companies measure and assess the financial risks posed by climate threats such as heatwaves, floods, wildfires...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Risk

Floods Resilience Taskforce: New body to address flood preparedness and defence delivery

Floods Resilience Taskforce: New body to address flood preparedness and defence delivery

Environment Secretary Steve Reed hosts local government, communities, and emergency services at first meeting to improve UK resilience in face of extreme weather

Stuart Stone
clock 12 September 2024 • 4 min read
Study: 'We're beginning to realise the damage that inequality is doing to the Earth'

Study: 'We're beginning to realise the damage that inequality is doing to the Earth'

Tackling overconsumption and inequality must be at the heart of response to the planetary crisis, major new study claims

Stuart Stone
clock 12 September 2024 • 5 min read
Study: Insurers face $151bn annual loses from natural disasters

Study: Insurers face $151bn annual loses from natural disasters

Urban expansion, climate change, and increasing frequency of extreme weather events drive average annual natural catastrophe loses to new high, report finds

Stuart Stone
clock 04 September 2024 • 2 min read