Tropical cyclones, monsoons and severe weather related to the El Nino and La Nina events are on the rise in the Asian-Pacific region, in part due to global warming, according to the Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter & Company, LLC and City University of Hong Kong.

The third annual report, released today, focuses on the findings of the 27 research projects conducted by GCACIC members on 2011 climate issues in the Asia-Pacific region and across the globe. Click here to see the complete study.

"The first step in combating climate-related risks is to understand them, which is why GCACIC remains committed to studying the climate issues most pressing to businesses operating within the Asia-Pacific region," says James Nash, CEO of the Asia Pacific region at Guy Carpenter. "The initiative will continue to provide the resources needed to advise the insurance industry on how to better understand, prepare for and manage the risks associated with natural disasters and catastrophes."