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Climate finance | 15 November 2021

Letter to EU Commission on reflection of climate risks in Solvency II capital requirements
Climate finance

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Letter to EU Commission on reflection of climate risks in Solvency II capital requirements

The EU is conducting a review of its insurance prudential regime, Solvency II. This letter supports enhancing the Solvency II capital requirements to better reflect climate risks – and in particular, the risks arising from fossil fuel assets and liabilities.