Bermudian commercial insurers must submit climate-change risk assessments by 2025
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Bermudian commercial insurers must submit climate-change risk assessments by 2025

Bermuda (2).jpg

Bermudian commercial insurers will need to provide a solvency self-assessment from year-end 2023 summarising the impact of climate-change risk on operations, the Bermuda Monetary Authority (BMA) has said.



They must also implement an “appropriate framework that includes a clear action plan, inclusive of timelines and a prioritisation approach”, the BMA said.

According



Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Gift this article