The IAIS will continue to support its Members to further strengthen their focus on actions taken by insurers to assess and address climate-related risks and to support an orderly transition to net-zero.
Today, in advance of COP26, the IAIS issued a
statement to confirm its continued commitment to urgently advance work
to address risks and opportunities associated with climate change.
As the global standard-setting body for insurance supervision, the
IAIS’ focus on climate change and a sustainable transition to net-zero
is grounded in its mission to promote the effective and globally
consistent supervision of the insurance industry; to develop and
maintain fair, safe and stable insurance markets for the benefit and
protection of policyholders and to contribute to global financial
stability. A commensurate response to both the risks and opportunities
of climate change supports both micro and macroprudential as well as
market conduct objectives.
To read the full statement, click IAIS Statement Commitment to amplify response to climate change October 2021">here.
IAIS
© IAIS - International Association of Insurance Supervisors
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