Recommended Papers: Embedding Climate Change risks into Life Insurer Risk Frameworks

The Risk Management workstream of the IFOA’s Life Board Climate Risk Working Party is tasked with looking to support life insurers with embedding climate change risks into their risk frameworks. As this is a very broad topic, the scope was limited to key pillars of the risk management framework, such as risk governance, risk appetite and stress and scenario testing. The finer details of modelling the impact of climate change risks on assets and/or liabilities are covered by other workstreams of this working party.

Risk Frameworks workstream of the life CCWP 18/11/21