French Insurers facing Climate Change Risk
Author: Autorite de Controle Prudential et de Resolution (ACPR)
Tags: Autorite de Controle Prudential et de Resolution (ACPR), France
How do French insurers manage climate change risk and where do they stand in implementing the provisions of Article 173 of the Energy Transition for Green Growth Act. In order to precisely gauge the state of the progress made within the French insurance sector, the Autorité de contrôle prudentiel et de résolution (ACPR) conducted a study of all insurance market players in France last September. 139 insurers, representing 80% of French insurers’ investments, responded. This report details the main results.