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No more 'institutional silos' on climate change; The Geneva Assoc.


02-07-2019
The Geneva Association’s task force has drafted one of the most comprehensive looks at climate change risks for insurers to date, and recommends slow but steady action.
This first report by the Geneva Association Task Force on Climate Change Risk Assessment for the Insurance Industry comes at a crucial time. Regulators and central banks worldwide are beginning to look more closely at the prudential and investment risks of climate change to banks and large insurers. Public pressure and scrutiny from institutional investors are likewise increasing. If businesses do not come up with answers for managing these risks, they may be forced upon them. ....

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