(English) Global insurers unite to tackle climate risk with launch of Geneva Association Task Force

–  The Geneva Association has mobilised experts from 17 of the world’s largest P&C and life insurers, representing the companies of its CEO members, to develop and hone climate risk assessment methodologies and tools for the insurance industry.

–  The first report of the task force presents an integrated decision-making framework for climate risk assessment that considers four dimensions: 1) business line (P&C versus life); 2) side of balance sheet (assets versus liabilities); 3) time horizon (short-medium- versus long-term); and 4) type of risk…