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Auditing climate change – practical guidance for the insurance sector

8 December 2021

12.00 - 1.00 pm

A follow up from the June Webinar - insurance firms' climate change strategies - guidance and update

On this our fourth and final in our current season of free Webinars when we were joined by John Beauchamp, Head of Internal Audit Beazley plc and Freya Caudwell and Khusro Khan from the iiag Good Practices Development Group.

As we approach the end of 2021, in accordance with the PRA Supervisory Statement 3/19 all UK insurers should have fully embedded their approaches to managing climate-related financial risks into their governance and risk frameworks.

As a follow up to the June IIAG webinar, where the PRA set out their expectations regarding internal audit’s role in supporting insurance firms’ climate change strategies, this session will share technical guidance developed by IIAG members to support the Chartered Institute of Internal Auditors’ focus on providing practical guidance for the insurance sector when auditing climate change.

This session was designed to assist internal auditors as they begin planning climate-related audits as part of their 2022 internal audit plans.

To conclude the Webinar Freya Caudwell and Khusro Khan from the Good Practices Development Group ran through the key deliverables from a project that’s been looking at how operational resilience can be audited.


The presentations for this event are available to download for IIAG members only.

Auditing climate change – practical guidance for the insurance sector

John Beauchamp

964 kb

Auditing Operational Resilience

Freya Caudwell

303 kb

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Speakers Profiles

John Beauchamp

Head of Internal Audit

Beazley plc



Prior to being appointed to his current role as Beazley Head of Internal Audit in 2019, john spent over 30 years in a variety of specialty lines underwriting management roles in both the US and London insurance markets.  He joined Beazley in 2009 to establish its environmental insurance underwriting practice after 20 years with XL Insurance and has a strong personal and professional commitment in supporting firms in the management of their environmental and sustainability risks.  He holds the professional designations of Chartered Property and Casualty Underwriter (CPCU) and Registered Professional Liability Underwriter (RPLU). 

Freya Caudwell

Senior Internal Auditor

Argo Group



Freya has been a member of the Argo Group Internal Audit function since December 2019. Prior to joining, she was in practice firm roles at BDO, Moore Stephens and PwC, undertaking the provision of outsourced internal audit, external audit and risk assurance services. Her client base was across financial services, although primarily with insurers in the London Market, retail motor insurance and P&I. She is a qualified chartered accountant, gaining her ACA in 2019.

Freya is a graduate of Newcastle University, where she studied Psychology and a Graduate Diploma in Accounting, Finance and Business.