U.S. Department of the Treasury’s Federal Insurance Office joins the Sustainable Insurance Forum (SIF)
Published here first. The United Nations (UN) convened Sustainable Insurance Forum (SIF) welcomes the U.S. Department of the Treasury’s Federal Insurance Office (FIO) as its newest member. The SIF was established by the UN with the support of the International Association of Insurance Supervisors (IAIS). It is now a global network of 31 insurance supervisors, regulators, and authorities working together to strengthen responses to sustainability and climate change challenges facing the insurance sector. In May of this year, the U.S. Department of the Treasury announced that it has embarked on a coordinated climate policy strategy that will “bring to bear the full force of the Treasury Department on domestic and international policymaking, leveraging finance and financial risk mitigation to confront the threat of climate change.” FIO’s engagement with SIF and its global membership is an element of that strategy. “ Climate change presents new challenges and opportunities for the U.S. eco...