Bank of England to scrutinise insurance firms' climate risk planning

Michael Holder
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Mark Carney, Bank of England governor
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Mark Carney, Bank of England governor

UK insurers will be called upon next month by the Prudential Market Authority to stress test their business against a range of climate and transition risks

UK insurers will soon be called upon to stress-test how their businesses will be affected by the low carbon transition in a bid to tackle the "cognitive dissonance" that afflicts the sector's approach...

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