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.