Settings for cookies and data collection

We use strictly necessary cookies on our website. They are in place to keep the session alive and save your indication on this notification for this and future sessions. You can manage and control these cookies in your browser settings.

Please decide which further cookies you want to allow:

DECLINE ALL COOKIES ACCEPT ALL COOKIES

Statistics cookies:  We use Google Analytics to analyze the access to our website and thus improve the offer. For this purpose, data on website usage is transmitted anonymously to Google.

You can find more information on the Imprint and Data Privacy Policypages, where you can change this setting later.

DOWNLOAD

Whitepaper

Climate risks in the own risk and solvency assessment. A sensible approach to integration into strategic management

How can the risk horizon of climate developments, which span several decades, be harmonised with the management horizon of insurance and reinsurance undertakings? We provide possible answers to this central question in this white paper. We focus on its meaningful integration into the strategic management of insurance and reinsurance undertakings, so that this risk observation can result in benefit for the undertaking and sustainability becomes reality. We consider the following aspects:

- The long-term path of possible climate development as a starting point

- Classifying climate risks as a possible material risk on the reference date

- The forward-looking perspective in the own risk and solvency assessment with a mid-term time horizon

- Stress tests and scenario or sensitivity analyses over different time horizons

To demonstrate that climate risks can be integrated into the strategic management of insurance and reinsurance undertakings, this discussion is concluded with two practical examples.