Closing the Gap: The emerging global agenda of transition plans and the need for insurance-specific guidance

The report articulates the insurance industry's triple role as risk managers, risk carriers and investors in supporting a just transition to a resilient net-zero economy. It assesses key features of insurers' underwriting portfolios-across lines of insurance, the insurance value chain, and insurance actors involved-which need to be taken into account in transition planning, alongside interconnected, climate-related sustainability issues of protecting nature and biodiversity and preventing pollution via a circular economy.

With a solid foundation set, the next deliverable of the FIT Transition Plan Project is to develop deep-dive guidance for insurance-specific transition plans to further support insurance companies in developing and disclosing credible transition plans for their underwriting activities.