Green Insurance in Guernsey

The Commission is pleased to release a discussion paper on the development of green insurance in Guernsey. The paper considers how the Bailiwick might become a supportive jurisdiction for green insurance and welcomes feedback from third parties. The fundamental challenge of a warming planet is not going to go away and there will be a continuing demand for measures to mitigate climate change.

In recent years, both insurers and insurance regulators have begun to consider how to respond to climate change. Therefore, this paper sets out how the Commission might support the development of green insurance in Guernsey through regulatory change and considers private sector opportunities.

The discussion paper forms part of Guernsey's Green Finance initiative and follows the Commission's launch of the first regulated green fund rules earlier in the year. The latter is designed to give enhanced certainty to those wishing to make high quality green investments.

The discussion paper can be found here.

The opportunity for feedback has closed, however, comments or suggestions can be emailed to [email protected] 

 

Jeremy Quick

Director of Banking and Insurance Division