Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers … through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and …

’s chapters address finance and banking, insurance, technology regulation and critical infrastructures, as well as climate change … professionals working in risk management, disaster risk reduction, emergencies and wider public policy fields." …