[This is an excerpt of an article that was published on The Irish Examiner. Please read the whole article here.]
The Irish Examiner, August 6, 2019

Another scenario envisions an orderly transition and warming in the atmosphere kept well below 2 degrees Celsius (3.6 degrees Fahrenheit) since pre-industrial levels. The economy would shift toward zero carbon emissions by 2050. A third outlook was for little tightening of environmental regulations, resulting in warming of 4 degrees by 2100 and more significant changes to the climate.
The assumptions set out by the PRA are “purposely non-exhaustive as the goal of this scenario analysis is investigatory in nature,” the regulator said.
The exercise may prompt shareholders to see insurers as a more risky prospect, said David Lunsford, co-founder and head of development at Carbon Delta AG, which advises on climate risks and provided input to the PRA as it drew up its request.
Please read the whole article here.