EIOPA is launching a Data Collection on the Prudential Treatment of Climate-Related Adaptation Measures in Non-Life Insurance

Following EIOPA’s recent pilot exercise on climate change adaptation in non-life underwriting and pricing, EIOPA is launching a data collection to assess the potential for a dedicated Pillar 1 treatment of climate-related adaptation measures in Solvency II’s standard formula for non-life underwriting risk.
The focus of the data collection lies on the influence of climate-related adaptation measures on premium risk, and it is supplemented by qualitative questions on reserve risk and natural catastrophe risk.

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