The United Nations Environment Programme Finance Initiative (UNEP FI) reported that the United Nations-convened Forum for Insurance Transition to Net Zero (FIT) has launched “Underwriting the Transition”, a global guide designed to help insurers, reinsurers and brokers develop and disclose credible transition plans for their underwriting portfolios. The guide was presented at the inaugural FIT Transition Insurance Summit hosted by the European Insurance and Occupational Pensions Authority in Frankfurt. “Underwriting the Transition” sets out key elements of a credible underwriting transition plan and includes a checklist for assessing plan credibility, supported by real-world examples drawn from published transition plans. It is positioned as addressing a gap in existing transition plan guidance for the insurance industry and as helping market participants navigate evolving sustainability disclosure and reporting expectations. The guide is the second deliverable under the FIT Transition Plan Project, following the earlier report “Closing the Gap: The emerging global agenda of transition plans and the need for insurance-specific guidance” launched at the 2024 UN Climate Conference (COP29) in Baku. FIT’s third and final deliverable, covering “total balance sheet” transition plan guidance linking underwriting and investment portfolios, is scheduled for launch at the 2025 UN Climate Conference (COP30) in Belém, Brazil in November, alongside a planned “House of Insurance” platform announced by the Brazilian Insurance Confederation.

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