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EAA Web Session 

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The consequences of biodiversity and ecosystem loss for humanity as a whole are potentially devastating. Ecosystems and biodiversity, among others, can be considered a source of defence against the effects of climate change and are closely interconnected with it.

Omitting to consider the importance of these aspects, mitigation and adaptation to the consequences of the loss of nature, can represent a source of economic risk potentially undermining financial stability, as well as compromising people's physical and mental well-being.

Industries that rely heavily on nature generate 50 per cent of global gross domestic product. In recent years, institutional focus to the risks posed by the loss of biodiversity and ecosystems has increased, also with specific reference to the insurance sector, both by regulators and by the industry players themselves, who are aware of the potential consequences for business.

So far, the industry focus when approaching to ESG risks, has been mainly on climate change. However, climate risks and risks associated with the loss of nature are closely intertwined. The objective of this session is to describe what is the loss of nature related risks for insurers, what are possible approaches to manage those risks, the disclosure involved (e.g., ESRS, TNFD) and to give a view on impacts, opportunities and recommendations for the insurance sector.

Your early-bird registration fee is € 100.00 plus 19% VAT for bookings by 31 January 2024. After this date, the fee will be € 140.00 plus 19% VAT.

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Coming soon...

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IFRS 17: Guidance for Risk Adjustments | 21 February 2024

Volatility Adjustment under Solvency II | 22 February 2024

IFRS 17: The Premium Allocation Approach | 28 Feb 2024

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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