U.K. Insurers Need to Look Closer at Climate Risks, Watchdog Says

Climate change

The UK’s accounting watchdog is proposing new rules for insurance companies to ensure that actuaries take climate change risk into account. “As the importance of climate change risks grows, it is critical that actuaries consider these risks in their work,” said Mark Babington, executive director of regulatory standards for the Financial Reporting Council, in a… Continue reading U.K. Insurers Need to Look Closer at Climate Risks, Watchdog Says