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Bank of England speech on managing climate risk in insurance

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Published on: 09 September 2020

Published by LNB News

LNB News 09/09/2020

Document Information

Issue Date: 09 September 2020

Published Date: 09 September 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Anna Sweeney, the Executive Director of the Insurance Supervision Division at the Bank of England (BOE), delivered a speech on managing climate risk in the insurance sector. The speech, given on 9 September 2020, outlined the important and critical role that insurers have in relation to climate change. It was noted that while insurers have demonstrated resilience to coronavirus (COVID-19), the impact of climate change will be a longer challenge.

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