Climate change risk is increasingly seen as a hot topic within the insurance industry and with regulators. Financial regulators have recently become more vocal on the subject, with some emphasising that the financial system has a key role to play in the transition to a low-carbon economy.
Our research papers focus on the climate-related risks faced by life (re)insurers, as well as the corresponding risk management process. We have produced two full research papers—one on climate risk management and one on climate risk solutions.
We have used real case studies throughout the two papers to illustrate approaches that can be taken.
Additionally, we have prepared an executive summary paper to note some of the key highlights of the two research papers and to act as a guide to both the full risk management paper and the full solutions paper.
Climate risk management for life insurers
Since climate change will impact insurers, we developed a useful guide to help carriers account for climate-related risks.