IAIS updates guidance on climate-related risks

Insurance Business America · last updated April 27, 2025 – 10:11 PM

Fox added that the revisions were mainly in the wording, with greater clarity and less conditional language. “Before you would have climate-related risk which might, perhaps, possibly impact this requirement here or there … Now you’ve got much more concrete wording explaining that it is going to be a potential financially material risk, getting into more core parts of the framework,” he said.

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