💨 Abstract

The United Nations Development Programme (UNDP) has urged insurance supervisors to guide the insurance sector's transition to a sustainable economy. The report "Supervisory Thinking on Insurance-related Climate Transition Plans" provides insights and recommendations for developing regulatory guidance for insurers' climate transition plans. Most supervisors are in the early stages of developing specific requirements and guidelines, facing challenges such as data issues and lack of standardized guidance.

Courtesy: theprint.in