Insurance groups need to play a vital role in meeting the aims of The Paris Agreement…In their investment decisions and insurance underwriting activities, insurance groups should contribute to…the energy transition from an economy based on fossil fuels towards an economy using renewable energy sources. Besides their role as corporate citizens, insurers also have self-interests in addressing climate change. First, there is the risk of an increase in insurance claims due to damage costs of extreme weather. Second, as investors…insurance groups face reputation risks and the risk of investments in ‘stranded assets’, if they continue investments in fossil fuels instead of allocating investments in an energy transition towards the use of renewable energy. And third, insurance groups face claims on third-party liability insurance in case their clients have failed to mitigate risks to the climate, failed to account for the damage they cause to the environment or failed to comply with regulations...The objective of this research was to map the involvement of the top-12 European insurance groups and top-6 European reinsurance groups in the fossil fuels sector…