In its latest Insurance Industry Sustainability Accounting Standard, the Sustainability Accounting Standards Board (SASB) also calls for P/C company disclosures.
“Catastrophe losses associated with extreme weather events will continue to have a material, adverse impact on the insurance industry. The extent of this impact is likely to evolve as climate change increases the frequency and severity of both modeled and nonmodeled natural catastrophes, including hurricanes, floods and droughts,” said the SASB Standard.