The Geneva Association's Climate Risk Statement is a set of guiding principles on the substantial role insurance can play in global efforts to tackle climate-related risks.

The statement was signed by 66 Chief Executives of the world's leading insurers at The Geneva Association's General Assembly in Toronto, Canada, on 16 May 2014.

Read the Press Release: Leading insurance CEOs Confirm The Geneva Association's Climate Risk Statement

This report gives an overview of the detected changes in the oceans and their impact on extreme events and hazard probabilities over the last decades. It summarises the changes in risk management strategies that (re)insurance companies can implement in order to address the new situation appropriately, comply with regulatory requirements and ultimately improve their ratings.

An updated cross-industry analysis of 28 G -SIBs and 28 Insurers presented by John H Fitzpatrick at the Economist Conference, London on 12 February 2013.

With the 2012 ComFrame draft, the International Association of Insurance Supervisors (IAIS) on 1 July 2012 presented a comprehensive version of the envisaged framework for the supervision of internationally active insurance groups (IAIGs). In the subsequent discussion and consultation, it became apparent that, although the industry was supporting the overall objectives of this endeavour, concerns have been raised in particular with regard to Module 2 of the 2012 ComFrame draft, dealing mainly with enterprise risk management and the assessment of the groups’ financial condition.

This paper seeks first and foremost to provide a more detailed understanding of the role, benefits and capabilities of the insurance industry, as well as an overview of the functioning of the insurance mechanism. It expounds upon the very real value that insurance offers individuals, institutions and the economy by providing a sense of security and peace of mind, encouraging loss mitigation, increasing prosperity, and generally making people more aware of the reality of risks and their consequences through information and pricing signals.