EIOPA: Sustainable finance

EIOPA has published the following: (i): pilot dashboard for the natural catastrophe protection gap; (ii) a methodological paper for integrating climate change in underwriting risk capital charge of the Solvency II standard formula and (iii) a report on non-life underwriting and pricing in light of climate change. It is noted that EIOPA intends to explore a risk-based prudential treatment of insurance products related to climate change adaptation; investigate the integration of climate change adaptation and mitigation requirements in insurance distribution and product oversight and governance requirements and is to consider investigating the potential for long-term non-life contracts.