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Report maps biodiversity risk management by insurers

A report from the European Insurance and Occupational Pensions Authority (EIOPA) maps current practices and challenges in the identification, measurement and management of biodiversity risks by insurers and reinsurers as part of the existing Solvency II risk management framework.

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Funding for flood defences is crucial, says the ABI

The Association of British Insurers (ABI) says that, between January and April this year, claims for weather-related damage to people’s homes and possessions in the UK topped £200m for the first time ever. Pay-outs surpassed the previous quarterly record from Q1 2022 by £67m.