Nick Spencer

SS5/25 introduces clearer, more proportionate climate-risk expectations, calling on UK insurers to strengthen governance, risk and data capabilities.

We assessed how European life insurance firms are responding to the intersection of climate-driven inflation and ORSA.

We discuss what pension funds need to know about this draft statement including best practice insights and how to identify and assess risk.

In the wake of the PRA’s Consultation Paper 10/25, which aims at enhancing the management of climate risks, we cover its proposals and insurance-specific issues.

With the requirement to enhance approaches to managing climate-related risks, we highlight key issues and implications for insurance CROs.

In April, the United Kingdom’s Prudential Regulation Authority (PRA) launched ‘CP10/25’, its consultation paper on managing climate-related risks, which will update the supervisory statement 3/19 (SS3/19).

Our prototype climate mortality model explores on a high level the interactions of various climate and socio-economic factors on excess mortality.

We discuss four steps UK health insurers need to take to understand what is ‘fair’ and integrate that into business practices.

We review 10 items on the sustainability agenda for UK life and health insurers in 2025.

We offer some key insights on critical themes in sustainability and climate risk management highlighted at a recent Milliman event.