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Data group
Insurance sector's exposure to climate risk
Metric Type
Physical vulnerability
Methodology/ Standard / Classification/ Taxonomy / Reference
Not applicable
Unit (e.g. CO2)
Currency (e.g. MYR) or % (percentage)
Dimension (e.g. Sector, Customer)
By Entity
Time horizon
Backward-looking
Link
Frequency
Not available
Time series
Not available
Accessibility
Not available
Observation on data availability/gaps
Capital requirement on catastrophe risk (including natural catastrophe) is currently not explicitly accounted for in the Risk Based Capital (RBC) Framework. As part of the ongoing holistic review of RBC framework, BNM is exploring to include catastrophe risk as a new risk category in insurance/takaful risk capital requirement.
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