Publication
Mission impossible? Teresa Ribera’s mission letter and the future of EU merger review
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Global | Publication | April 2024
Climate change remains a critical issue for the insurance industry in 2024. The increasing frequency and severity of climate-related natural disasters is having a significant impact on physical risk exposures and the increasing protection gap. Adding to the pressure, climate change litigation over the insurance of non-renewable energy is on the rise and insurers are becoming the focus of various environmental campaign groups’ protests too.
As a regulatory priority, it is well known that the insurance sector is very well positioned and highly incentivized in relation to climate change mitigation and adaption for two reasons.
However, a response by the insurance industry alone is unlikely to be enough to mitigate the impacts of climate change on the global economy, with industry leaders advocating the need for public assistance, as systemic perils surpass the capacity of the insurance industry alone.
While there are many steps that insurers can take in relation to climate adaptation and mitigation, a collaborative effort between the private and public sector (including regulators, governments and policymakers) is fundamental to respond effectively to the increasing impacts of climate change and to prevent both systemic and isolated instances of market failures. This message was strongly emphasized at the UN Climate Change Conference COP 28 in 20231. We believe that the first step in achieving this lies in a comprehensive understanding of the most significant issues relating to climate change.
Publication
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Publication
For many global organisations, finding the right balance between having global, unified compliance programs, and the need to address local legal and compliance risks, is a challenge. In this blog, we will address the challenge that money laundering and related issues presents to Indian companies operating in Europe.
Publication
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
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