Wellington Man… - Tue, 10/10/2023 - 12:41

Insurance Quick Takes: A look at the future landscape of US insurance climate risk oversight

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A look at the future landscape of US insurance climate risk oversight

The Federal Insurance Office (FIO) has published a report with 20 recommendations for the supervision and regulation of the US insurance industry’s approach to climate risk. The report covers topics such as investment strategy, risk management, regulatory supervision, disaster mitigation, and international cooperation. While the recommendations are not binding, they reflect the FIO’s current priorities and expectations for the industry. In this month’s Insurance Quick Take, Tim walks us through the main points of the report and why they are important for all US insurers to understand.

Click here to watch the video.


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