Insuring the transition : the issues confronting risk managers

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 -- Indiscriminate industry-wide exclusions -- Low capacity for innovation risks -- Recommendations -- Improve the collection and processing of risk data -- Adopt a constructive and forward-looking approach</subfield>
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      <subfield code="a">FERMA continues to observe that insurers are withdrawing or limiting coverage in ways that hamper the transition efforts of their corporate clients. The insurance industry often cites data 
scarcity as a justification for its cautious stance. While data limitations are real, we note that this is compounded by a lack of internal technical and actuarial expertise to effectively assess and underwrite transition-related risks, which may then in turn lead to a low appetite from insures in assuming such risks</subfield>
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