FERMA, the Federation of European Risk Management Associations has urged the European Commission to adopt a collaborative approach to the climate resilience framework it plans to introduce later this year, calling for the use of catastrophe bonds, insurance-linked securities (ILS) and parametric products.
The Commission’s European Climate Resilience Framework is expected to be launched in Q4 2026.
The framework combines legislative and non-legislative measures and aims to establish a more comprehensive EU approach to climate resilience and preparedness, urging the adoption of a more collaborative model spanning governments, insurers, capital markets and businesses.
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