The United Nations Environment Programme (UNEP) has assembled a new international network of insurance regulators and supervisors.
The Sustainable Insurance Forum (SIF) was established in order to support cooperation on key sustainable insurance challenges now faced across the globe. One example being climate change. Insurance regulators and supervisors from the UK, France, the Netherlands, Morocco, Ghana, Singapore, Brazil and Jamaica, together with the International Association of Insurance Supervisors (IAIS) all met in San Francisco for the SIF’s first meeting.
The launch in December 2016 of the SIF is the result of a joint enterprise between two UN Environment global initiatives, the Principles for Sustainable Insurance and the Inquiry into the Design of a Sustainable Financial System.
The co-director of the Inquiry into the Design of a Sustainable Financial System, Nick Robins, proclaimed that the inauguration of SIF highlighted “the leadership that exists across the world among a growing number of insurance supervisors. Its work programme aims to make a real difference in the way that insurance supervisors respond to the world’s sustainability challenges.” The Secretary General of the IAIS also emphasised the importance of the insurance sector in the development of environmental, social and economic sustainability at the launch.