Insurance Climate Change and The Law
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Index
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- Note: This index does not have entries for terms that have dedicated chapters and sections. Please refer to the Table of Contents
- active ownership 258–9
- additionality 159, 199, 251–7
- African Risk Capacity 314–16
- ancillary own funds 83
- anti-ESG legislation 94–7, 165, 181, 185, 196, 273–4, 275, 289, 295, 326, 328
- asset side 36, 47–50, 69, 167, 198
- Bank of England 66, 71, 81, 84–6, 97, 167–8, 178, 183, 226, 268–9, 326–8
- best estimate 82
- best execution 279–80
- bounded rational choice theory 231
- Boycott 94, 181, 195, 258, 273–4
- Boycott Bills 94, 326
- build back better 236, 239, 240, 303
- capacity building 19–20, 319
- Carbon Capture, Utilisation, and Storage Technologies 175–6
- carbon target 22–3
- Caribbean Catastrophe Risk Insurance Facility 314–16
- Certified Emission Reduction Credits 16–17
- Clean Development Mechanism 16–17
- client's best interests’ rule 279–81
- climate 9–10
- Climate and Disaster Risk Finance and Insurance 316–20
- climate change: adaptation (definition) 27;
- climate-related impact investment (definition) 251–8
- climate-related impact underwriting (definition) 156–9
- climate-related stewardship (definition) 258–60
- Climate Resilient Development 26–8
- Climate Resilient Development Bond 284–6
- Competition and Markets Authority 189
- complex risk 42–3, 54, 60, 73, 300, 314
- conceptions of insurance 54–62
- consumer duty 56, 202, 206, 213–16, 233, 241, 246, 279, 295
- contract conception 54–5
- contract of insurance 34–6
- corporate purpose 60, 160–72, 247, 254, 327–8
- corporate social responsibility 61, 93, 164–7
- data assurance 108–9, 117, 135–6, 149–50, 329
- dark green 145, 157, 159, 255
- double materiality 34, 46–7, 106, 110, 129, 148, 150, 153, 325–6
- emission gap 26
- emission trading 16, 21
- enabling conception (definition) 59–62
- energy efficiency insurance 176
- engagement policy 121, 133, 259, 261, 270–3, 288
- Enhanced Transparency Framework 20–1
- environmental stewardship 61–2, 71, 75, 171–2
- environmental sustainability agreements 189–90
- ESG (definition) 31–3
- ESG integration investment approach 250–6, 258, 260–1, 272
- European Insurance and Occupational Pensions Authority 68–70, 73, 88–94, 142, 145, 156, 167–8, 179, 183, 199, 211, 221–7, 270, 286–7, 296
- Exit 258; see also Boycott
- experience-rating 219–24
- fair value 200–2, 221, 230, 245, 297
- feature-rating 218–21
- Financial Conduct Authority 66–7, 71–2, 86–8, 118–29, 135, 157–8, 166, 175, 182, 202, 204, 252, 259, 271–3, 277–82, 288
- Financial Reporting Council 119–20, 135, 271
- Financial Reporting Standards Board 109
- Financial Stability Board 97, 100–1
- Flood Re 44, 208, 211, 223–4, 236, 239, 302–3
- funding gap 294–300, 309
- Glasgow Financial Alliance for Net-Zero 53, 60, 189, 194
- Global Shield against Climate Risks 60, 318–21
- governance conception 57–9
- green-blushing 125, 154
- green bonus property policies 286–8
- green-hushing 154
- greeniums 163, 262, 277, 323
- green pills 220, 260–1, 263–4
- green reinstatement 205, 235–46, 269, 285–8
- green term 205, 227–35, 245–6
- greenwashing 40, 89, 128, 151, 263
- home-owner alternative energy insurance 176
- IFRS International Sustainability Disclosure Standards 109–17
- impact-aligned investment 253, 256
- impact-generating investment 253
- insurability 37–8, 43–6; see also uninsurability
- insurance-associated emissions 51–2, 105, 113, 169, 182–3
- insurance-based investment product (definition) 36, 278
- Insurance Development Forum 317
- insurance value chain 198–9
- InsuResilience Global Partnership 45, 317–18
- intentionality 159, 177, 251–9
- Intergovernmental Panel on Climate Change 10–14
- International Association of Insurance Supervisors 65–6, 69–70, 75–7, 86, 93
- International Sustainability Standards Board 99, 109
- inward impact 46–50; see also double materiality
- knowledge gap 294–7
- law of large numbers 35
- liability risk 39–40, 48 – 50 see alsoclimate change litigation
- liability side 35, 37, 47–50, 69, 156, 167
- light green 145, 157, 159, 255
- long-term temperature goal 18
- Loss and Damage Fund 43, 46, 316–17
- loss resilience (definition) 19, 27–8
- macro stewardship 171–2, 260
- matching adjustment 82, 86, 265–7, 269, 328
- measurability (measurable) 32, 108, 138, 150, 159, 162, 232, 251–8, 261, 324
- Minimum Capital Requirements 82–3; see also Regulatory Capital; Solvency Capital Requirement
- negative screening investment approach 126, 158, 252, 254, 260, 275
- Net-Zero Banking Alliance 194
- Net-Zero Insurance Alliance 38, 52, 186–8, 189–96, 240, 274, 328
- non-risk reflective premium rates 220, 302–7
- nudge theory 231–2
- outward impact 46–53; see alsodouble materiality
- Own Funds 83, 283
- Pacific Catastrophe Risk Assessment and Finance Initiative 314–16
- photovoltaic warranty insurance 177
- physical risk: acute 37, 40–42, 48 – 50 , 292;
- precautionary principle 15, 286
- preferential capital treatment 177–80, 268–70, 298
- Principles of Responsible Investment 53, 251–2, 258–9
- Principles of Sustainable Insurance 53, 81, 156–9, 172, 240
- product conception 56–7
- prospect theory 231
- protection gap 43–6, 48 – 9 , 54, 69–70, 84, 86, 89, 93, 167–9, 172, 180, 209, 212, 219, 233, 247, 274, 291–5
- protection gap entity 301, 307–11
- Prudent Person Principle 79, 83–4, 265–7
- Prudential Regulation Authority 64, 66–7, 71–2, 77–86, 118, 135, 168, 177–80, 183, 226, 265–70
- public private partnerships 291, 301–12
- public utility-regulated industry conception 55–6
- regulatory capital 81–6, 89, 98, 167–9, 177–80, 265–70, 295; see also Minimum Capital Requirements; Solvency Capital Requirement
- regulatory objectives 70–3
- responsible investment 53, 253, 261
- risk margin 82, 224, 235, 240, 269–70, 330
- risk presentation 208–9
- risk-reflective premium: adaptation 222–3;
- scenario analysis 74–85, 89–91, 103, 122
- sensitivity analysis 74, 91
- sinks 13, 16–18, 27, 158, 234
- Solvency Capital Requirements 82–4, 89, 179–80, 183, 226, 241, 268–70; see also Minimum Capital Requirements; Regulatory Capital
- Southeast Asia Disaster Risk Insurance Facility 314–16
- stakeholder capitalism 62, 109, 164–8, 170
- stress-testing 74, 76, 79, 84–5, 91
- sustainability: definition 28–31;
- sustainability agreement 189–93; see also Sustainable Development Goals
- Sustainability Accounting Standards Board 109–13
- Sustainable Development Goals 28–32, 52, 125, 250
- systemic risk 68–9, 74–5, 96–7, 168, 272
- target market 56, 200–4, 211, 215, 280, 290
- technical provisions 48 , 65, 82–4, 178, 183, 220, 226, 241, 248, 265–70, 295
- technology transfer 19–20
- Toka Tū Ake – Natural Hazards Commission 305–7
- tragedy of the commons 161
- transition risk 38–42, 48 – 50 , 54, 75, 79, 85, 91, 101, 103, 107, 112, 115, 149, 167, 181, 266, 270
- UK Climate Change Committee 23, 154, 213, 330
- uninsurability 37–8, 40–6, 48 – 50 , 69, 167, 294, 299, 301, 307, 330; see also insurability
- U.S. National Flood Insurance Program 223, 303–5
- Voice 258; see also climate-related stewardship; and environmental stewardship
- World Economic Forum 62, 109