EIOPA has published its Sensitivity analysis of climate-change related transition risks (here). This is EIOPA’s first assessment of climate-related transition risks in insurer’s investment portfolios and is based on data provided by insurance undertakings as part of their regular Solvency II reporting as well as external data.
The report states that the analysis contributes to EIOPA’s wider work on sustainable finance and that it represents a learning exercise that aims to inform future work, including potentially future stress testing.
The secretariat of Insurance Europe has reviewed EIOPA’s paper on sensitivity analysis of climate-change related transition risks and provided an overview of its main conclusions: