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 here.