Supervisor sceptical about greening insurer capital requirements

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Supervisor sceptical about greening insurer capital requirements

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FCGA79 ILLUSTRATION OF FRANKFURT, STATE OF HESSE, GERMANY | Alamy Stock Photo

The European Insurance and Occupational Pensions Authority (EIOPA) has told the European Commission that capital requirements for insurers should not be tweaked to encourage sustainability, nor calculated using a longer time frame to better incorporate the effects of climate change. Instead, it suggests analysis, stress tests and disclosure of risks.

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