IVASS joins the Forum for Insurance Transition to Net Zero set up by the UN Environment Programme (UNEP)

Category
Other
Description

IVASS is among the new members of the Consultative Group of Insurance Regulators & Supervisors (CGIRS) of the Forum for Insurance Transition to Net Zero (FIT).

The FIT is a multi-stakeholder forum set up by the United Nations Environment Programme (UNEP) with the aim to promote climate action by the insurance industry and accelerate transition to a net-zero economy.

The FIT, chaired by UNEP, will allow dialogue with insurance market participants and insurance regulators and supervisors, the concerned institutions and the scientific community.

The FIT will work closely with two separate independent consultative groups:

  • the Consultative Group of Insurance Regulators & Supervisors (CGIRS) - which IVASS has joined along with 16 other international insurance regulators and supervisors.
  • a second group made up of academic, research and civil society organizations.

The mission of the FIT is:

  • Advancing frameworks for net-zero insurance metrics and developing new net-zero insurance concepts
  • Developing a net-zero transition plan framework for insurance market participants
  • Engaging with the real economy on the development of net-zero transition plans by corporates across different sectors
  • Tackling challenges and opportunities to develop insurance solutions that would support the net-zero transition
issue date
25 April 2024