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CILA Webinar - Developing and Executing a Climate Risk Strategy

Monday 3 August 2020 12:00 - Tuesday 4 August 2020 13:00

Part of the Current Issues in Life Assurance webinar series

The International Association of Insurance Supervisors announced on 14 November 2019 the adoption of v2.0 of the global Insurance Capital Standard (ICS) which will undergo confidential reporting for 5 years starting from 2020. This session will include specific experiences from Legal and General (L&G) as well as global industry perspectives from EY.

This session will cover: 

  • A brief overview of the demands of the PRA supervisory statement on financial impacts related to climate change
  • Industry insights into PRA climate risk business plans – what are the emerging themes and minimum standards which we have observed?
  • Snapshot of an example climate risk strategy setting out key workstreams and activity steps for successful execution
  • Overview of a climate risk strategy execution timeline – turning planning and theory into practical reality
  • What does the future hold? Deep dive into the steps for success in 2020 and pitfalls to avoid        

The webinar will be 60 minutes to alow time for Q&A.

Speakers: Ryan Allison, EY and Sandy Trust

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