BoE Mulls Widening Climate Risk Tests To Add Investments

Law360, London (November 16, 2020, 3:08 PM GMT) -- The Bank of England's regulatory arm said on Monday that it will consider how tools used by insurers to assess the risk of claims resulting from climate disasters can be expanded so they also examine potential losses from investments.

The Prudential Regulation Authority said it would look at how so-called catastrophe modelling applications can be brought to the "asset and investment side of the balance sheet" of other financial services companies as well in the insurance sector.

Insurers have begun to invest heavily in artificial intelligence-driven software to allow them to predict climate disasters and adjust their pricing accordingly.

The PRA...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!