The paper provides insurance supervisors with concrete tools to further strengthen their efforts in assessing and addressing risks to the insurance sector from climate change. It also sets out recommendations and examples of good practice, consistent with the ICPs.
The report explores the experiences and challenges of insurance supervisors as they were forced to adapt to prolonged remote working conditions during the Covid-19 pandemic. The report was prepared jointly by the IAIS secretariat and staff members of the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS).