Anchoring Climate Change Risk Assessment in Core Business Decisions in Insurance

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      <subfield code="a">Third report of the Geneva Association task force on climate change risk assessment for the insurance industry</subfield>
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      <subfield code="a">6 www.genevaassociation.org Since the publication of the first two reports by the Geneva Association (GA) task force on climate change risk assessment, we have witnessed important developments on the climate science, policy, technology, litigation and regulatory fronts, with implications for companies' efforts to assess the impacts of climate change-related risks and opportunities on their business model. Importantly, in this report we distinguish between the terms climate risk' and climate change risk'. Our focus is on the latter and includes physical, transition and litigation risks with a view to the future (e.g. in the next five years, by 2030, by 2050). </subfield>
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