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To embed, copy and paste the code into your website or blog: In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics ( ....
Friday, March 12, 2021 In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics ( e.g., the Geneva Association, Moody’s), to China reiterating goals to reduce its emissions over the next five years, to the politically charged debate within the US Securities and Exchange Commission (SEC) as to which comes first a new global framework of common metrics and standards to help regulators analyze climate change risk disclosures or stepped-up enforcement ....
On 19 February 2021, the Monetary Authority of Singapore ( MAS ) issued a consultation paper inviting public comments on proposed revisions to MAS Notice 126 on Enterprise Risk Management, MAS Notice 125 on Investments of Insurers and MAS Notice 124 on Public Disclosure Requirements. The proposed revisions to MAS Notices 126, 125, and 124 are intended to align MAS rules and regulations for insurers in line with the development of the Holistic Framework for Systemic Risk in the Insurance Sector (and corresponding updates to the Insurance Core Principles) by the International Association of Insurance Supervisors in November 2019 for the purpose of mitigating systemic risk in the insurance sector. 1. Applicability of the MAS Notices to Insurers ....
'Fit And Proper' Requirement For Promoters Of Insurers: Think Beyond Tick-Box Compliance - Insurance mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.