The International Association of Insurance Supervisors (IAIS) publishes a comprehensive application paper on the supervision of climate-related risks in the insurance sector

Following extensive consultation, the document outlines how existing Insurance Core Principles can be applied to address mounting climate challenges that threaten both insurers and policyholders. The paper covers critical areas including governance, risk management, valuation practices, disclosure requirements and scenario analysis, replacing the organisation's 2021 guidance.

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