The Guernsey International Insurance Association (GIIA) has signed up to a United Nations green programme as part of its commitment to the development of green and sustainable finance.

GIIA is now a supporting institution of the United Nations’ Principles for Sustainable Insurance (PSI) Initiative. PSI serves as a global framework for the insurance industry to address environmental, social and governance risks and opportunities.

Last year, Guernsey Green Finance and GIIA set out a strategic view on ways to develop green insurance products in the island, in a response to a discussion paper from the Guernsey Financial S...