Insight
Summary of regulatory developments Updates for July 2022
We highlight the latest noteworthy items in the life insurance industry from various regulatory agencies for July 2022.
Climate change risk could have a significant, irreversible impact on all types of assets held by insurance companies, raising questions about their financial sustainability from a long-term perspective. The Solvency II Prudent Person Principle requires insurers to capture all risks arising from their investment portfolios—which would include climate risk. Climate change risk should be a key consideration in evidencing an insurer’s Prudent Person Principle compliance.
Insight
We highlight the latest noteworthy items in the life insurance industry from various regulatory agencies for July 2022.
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