Climate Change Exercise in General Insurance Stress Test (GIST) from the PRA

For the first time, the Prudential Regulation Authority (PRA) has included a climate change component in the GIST stress test. Larger regulated life and general insurers have until end of October if they choose to respond to this exploratory exercise.

As part of the exercise specified in the GIST, firms are requested to consider the potential impact of climate change on their business, split into quantitative data-driven and qualitative information gathering sections.

Read more about the PRA and GIST in our blog.

If you are interested in learning more about how JBA can help you meet the GIST requirements, please get in touch.