Instant Insights / The Impact of Climate Change on P&C Insurance

Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.

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IAIS calls on insurers to intensify climate risk scrutiny

The group aims to raise awareness for insurers of the challenges presented by climate change and how to respond.

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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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