Putting EIOPA’s guidance on climate change risks in the Own Risk and Solvency Assessment (ORSA) into action

8:30 a.m. CEST Paris

Climate change can materially impact the (re)insurance industry through both the asset and liability side of their balance sheets. The European Insurance and Occupational Pensions Authority (EIOPA) published guidance in 2022 on how to address climate-related risks from transition and physical impacts in the ORSA as part of (re)insurers’ risk management. Such assessment should include a materiality assessment of climate risk and, where the risk is assessed to be material, (re)insurers are expected to use climate scenarios to assess potential financial exposures to climate change. 

 

MSCI is delighted to invite you to this event to bring you up to speed on key requirements outlined in the EIOPA's Opinion on the supervision of the use of climate change risk scenarios in ORSA. We’ll also share how MSCI climate data and models can help assess climate risk across assets and liabilities and to share insights on industry best practices.