Insurance Industry Perspectives on Regulatory Approaches to Climate Risk Assessment

Author: Maryam Golnaraghi

Insurance regulators and standard-setting bodies are increasingly focused on devising methodologies for climate risk assessment and scenario analysis to support the insurance industry in dealing with the potential impacts of climate change. This issue brief produced by the Geneva Association Task Force on Climate Change Risk Assessment for the Insurance Industry, offers a review of the activities of 12 international, regional, national and sub-national financial services regulatory bodies and their associated strengths and challenges.