The United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI) Working Group for Nature has published “Rooted in Risk: Framing nature-related assessments for insurers”, the first document in its “Nature Uncovered for Insurers” series on assessing nature-related dependencies, impacts, risks and opportunities in insurance underwriting portfolios. Rooted in Risk maps and contextualises existing nature-related approaches for both non-life and life and health insurance business models, and is intended to help insurers identify where along their value chain nature-related issues may arise and how they could materialise across lines of business. The guidance is positioned as a technical basis for insurers (and supporting organisations) to prepare for and conduct their own nature-related assessments, building on priority actions set out in the Working Group’s earlier report “Insuring a resilient nature-positive future”, and addressing what it describes as a gap in underwriting-focused methods compared with broader frameworks often oriented toward investment and lending portfolios. A second instalment in the series, “Breaking Ground”, is expected to be launched later in 2025.

Original source