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1、Catalysingchange for a climate-resilient tomorrow Min Hung Cheng,Deputy CEO,GAIP Joey Zhou,Associate Professor,NTU 27 Aug 2024Introduction Organization:GAIP and NTU Research background2Anchor PartnersA tripartite public-private partnership with the vision to build long-term risk resilience in Asia,v
2、ia narrowing Asias protection gapsRegulatorsInsurance associations and professional bodiesInternational BodiesAcademic PartnerSupporting PartnersAustraliaBruneiChinese TaipeiIndiaJapanPhilippinesSingaporeSri LankaThailandVietnam3GAIPs work on Climate Change so farPolicy research:Too Hot to Insure“em
3、phasises that inaction on climate change is not an option,urging for a collective effort to tackle the increasing risks posed by climate change to maintain the availability and affordability of insurance.Beyond Protection calls on the insurance industry to go beyond financial protection and play a k
4、ey role in driving the transition to a net-zero economy,which is essential for managing climate risks and ensuring industry resilience.44Climate Change Adaptation and Disaster Risk Management:Insurance Industry Practices and ProspectsDiscussed the impact of climate change on the insurance industryRe
5、viewed practices of the insurance industry in response to climate change,Summarized the roles of the insurance industryExplored innovative paths to enhance climate risk resilienceProvided policy recommendations for industry participation in climate change adaptation(with a focus on China)5Current st
6、ates Setting the context-Climate Change and Climate Risks Collection of case studies of insurers current response to climate change6It is a Financial RiskRealization that Climate Risk leads to Financial Risk01It is both a Micro and a Macro problemIt impacts individual firms AND threatens overall mac