The International Association of Insurance Supervisors (IAIS) the IAIS launched its second consultation in a series that aims to promote a globally consistent supervisory approach to climate-related risks.

The IAA submitted the following responses to the IAIS on 23 February 2024:

1. Response to the IAIS Public Consultation on the Draft Application Paper on Climate Risk Market Conduct Issues in the Insurance Sector

2. Response to the IAIS Public Consultation on the Draft Application Paper on Climate Risk Scenario Analysis in the Insurance Sector

These responses were prepared by the Insurance Regulation Committee in consultation with the IAA Climate Risk Task Force. The responses were prepared in accordance with the requirements of the IAA Due Process for Making a Public Statements and are posted on the IAA website under PUBLICATIONS/ PUBLIC STATEMENTS.