Climate change is a risk that all sectors are facing, and both regulators and investors are expecting more disclosure around the ways in which companies are handling climate risk. The Task Force on Climate-related Financial Disclosure (TCFD) framework provides a way to disclose climate-related risks and management structure of these risks. Come learn about the leading framework for climate disclosures for insurers, with many of the framework's principles being used within the updated NAIC climate risk survey and SEC climate regulation. Take a deep dive into the TCFD framework and how it can best be used by life insurers, focused around the SOA sponsored research 'TCFD Best Practices'. Check out the current progress of the TCFD within the insurance sector, best practices of the framework, approaches that are currently taken to satisfy the framework, and how current insurers are using the framework within their business.
By attending the session, you will be able to:
- Understand the aspects of the TCFD framework as it relates to life insurers and how peers are currently using the framework in their business.
- Know the different options of responding to the TCFD framework and the pros and cons of each option.
- Describe the current best practices of each aspect of the TCFD framework for life insurers and understand how these practices may continue evolving.
TRACK: Spearheading innovation through change, Protecting long-term economic progress