EIOPA Report on the impacts of climate change on life and health and potential emerging risks for the insurance and IORP sectors
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EIOPA report analysing how climate change, above all extreme heat, affects the liabilities of life and health insurers and occupational pension funds. It develops an illustrative risk-scoring framework by type of undertaking, line of business and country.
Key points
- Heatwaves account for 97% of deaths from climate extremes in the EU-27 since 1980
- Climate change is also a liability risk, not only an asset risk
- The impact on own funds is limited today and partly offset by longevity, but will grow
Who is affected
Life and health insurers, reinsurers and occupational pension funds
Plain-language version
The full report by EIOPA, the EU watchdog for insurers and pension plans, on how climate change, especially extreme heat, affects life and health insurance and workplace pensions. Heatwaves account for 97% of deaths from extreme weather in the EU since 1980. It proposes scoring the risk by type of firm, product and country.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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