According to a new paper, physical, transition and liability risks as well as figures on extreme weather events point to a growing trend of damages, both for insured and uninsured goods. (Image: Shutterstock)
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Intensifying climate risks such as extreme weather events present significant challenges for the insurance sector and warrant "ongoing and intensifying scrutiny" by supervisors, according to a new paper from the International Association of Insurance Supervisors (IAIS) and the Sustainable Insurance Forum (SIF).
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