APAC insurers addressing climate risks but change will be gradual, says Fitch

Credit: iStock/RomoloTavani

Asia-Pacific (APAC) insurers in developed markets are spearheading efforts to address climate risks in the region, with a focus on incorporating environmental considerations in investments, underwriting and risk management, according to Fitch Ratings. However, the change is expected to be gradual, as the insurers’ environmental initiatives are still in the early stages, while the scope of commitment to address such…

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