IUA survey shows climate risk is top London Market challenge
The top challenge currently facing London market companies is climate risk, a new survey by the International Underwriting Association has revealed. In a survey of its members the organisation recorded 27% of respondents mentioning climate change and wider environmental, social and governance (ESG) issues when asked what are the top three challenges facing your company? The second most popular answer was regulatory change...
Monetary policy must consider climate risks, Outlook for money market funds
Wednesday 8 September 2021 – Vol.12 Ed.36.3
Commentary: Time for central banks to stop dithering over climate change
By Urjit Patel in New Delhi
Economic activity, of practically any and every kind, is strongly integrated with greenhouse gas emissions. But decades after climate change became important in public discourse, climate considerations seem to be ignored in monetary policy ‘reaction functions’ of central...
IUA agrees business plan for 2021
Climate risks remain a key priority for the London company market the International Underwriting Association has confirmed in its business plan for 2021. The organisation also revealed details of a strategic review that will include a complete reassessment of the way it supports member firms in the light of Covid-19 remote working changes.
A Climate Risk Committee, made up of member practitioners, will work with regulators as the industry’s...
https://allaboutshipping.co.uk/2021/01/26/iua-agrees-business-plan-for-2021/