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Climate change: The insurance industry and the South African environment
Climate change presents risks and opportunities for South African insurers.
The Prudential Regulatory Authority has issued its discussion paper, “the 2021 biennial exploratory scenario on the financial risks from climate change”, seeking feedback on its proposed approach for testing the resilience of UK financial services firms to the financial risks arising from climate change. This client briefing describes the proposals of the 2021 biennial exploratory scenario.
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