Bermudian commercial insurers must submit climate-change risk assessments by 2025
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Bermudian commercial insurers must submit climate-change risk assessments by 2025

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Bermudian commercial insurers will need to provide a solvency self-assessment from year-end 2023 summarising the impact of climate-change risk on operations, the Bermuda Monetary Authority (BMA) has said.



They must also implement an “appropriate framework that includes a clear action plan, inclusive of timelines and a prioritisation approach”, the BMA said.

According



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