Climate change risk

{
  "id": "MLC-T-INS-000799",
  "term": "Climate change risk",
  "field": "Insurance and risk management",
  "definition": "The potential for adverse impacts on an organization's assets, liabilities, or operations due to changes in the global climate. This includes physical risks from extreme weather events and transition risks from policy changes or technological shifts towards a low-carbon economy. Insurers assess these risks to adjust underwriting, pricing, and investment strategies.",
  "url": "https://mlchart.com/terminology/insurance/climate-change-risk/"
}