Climate Change Risks to the Insurance Sector – A2ii-IAIS Consultation Call, November 2018

Supervisors play an important role in addressing risks and challenges that climate change poses on the insurance sector. This call took a closer look at the IAIS and Sustainable Insurance Forum (SIF) “Issues Paper on Climate Change Risks to the Insurance Sector." An overview of the impacts of climate change on the insurance sector including current and future risks, and potential supervisory responses were explored. Supervisors on the call also got to hear concrete examples of observed practices in different jurisdictions. For an in-depth view of the IAIS and SIF Issues paper, please find the publication here.