The Association for Financial Markets in Europe (AFME) has published its response to the European Commission’s Climate Resilience Framework, calling for the use of insurance-linked securities (ILS) and catastrophe bonds as an effective way that insurers within the Union can access new capital to back climate-related policies.
AFME is the European member of the Global Financial Markets Association (GFMA) a global alliance with the Securities Industry and Financial Markets Association (SIFMA) in the US, and the Asia Securities Industry and Financial Markets Association (ASIFMA) in Asia.
The European Commission’s Climate Resilience Framework is set to be launched in Q4 2026.
The framework integrates both legislative and non-legislative measures, with the objective of creating a more holistic EU strategy for climate resilience and preparedness. It encourages the implementation of a more cooperative model that encompasses governments, insurers, capital markets, and businesses.
FULL ORIGINAL PUBLICATION HERE