Climate-related risk: Stress testing requirements in Asia

In response to the challenges posed by climate change, many central banks and supervisors around the world have begun taking measures to assess climate-related risk that could impact the stability and resilience of the global financial system. This article focuses primarily on climate-related risks and regulatory stress testing requirements from the perspective of life insurers and reinsurers in Asia. We also discuss where Asian insurers stand with respect to climate-related risk assessments.