PRUDENTIAL PRACTICE PRUDENTIAL GUIDE PRACTICE GUIDE
7. Transition climate risks include risks related to changes in domestic and international policy, technological innovation, social adaptation and market changes, which can result in changes to costs, income and profits, investment preferences and asset viability. 8. Climate change may also give rise to liability risks which have implications for
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TO: ALL GENERAL INSURERS, LIFE INSURERS AND …
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Climate Vulnerability Assessment
www.apra.gov.auexposures) of the assessment, climate scenarios, and the timeframe for the assessment. 1 CPG 229 was open for consultation from 22 April 2021 to 31 July 2021. The draft guidance will be reviewed in light of stakeholder feedback, and issued as final guidance before the end of 2021.
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