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CA Department of Insurance
CA Department of Insurance
CA Department of Insurance

NAIC Climate Risk Disclosure Survey

The National Association of Insurance Commissioners (NAIC) developed a Climate Risk Disclosure Survey in 2009.  The purpose of the survey is to better understand how insurers are considering and addressing climate change and climate risk in their business operations, underwriting and reserves.  The survey is comprised of eight questions regarding insurance companies' responses to climate change, covering topics such as investment, mitigation, financial solvency (risk management), emissions/carbon footprint, engaging consumers.  The survey seeks qualitative information.  It is not a quantitative survey of exposure to risk.  California, New York, New Mexico, Connecticut, Minnesota and Washington collaborate in administering the survey to insurers licensed in each of their states.

Presently,the California Department of Insurance surveys nearly 1000 companies that write more than $100 million per year in premiums nationally, capturing more than 70%of the entire U.S. insurance market.  The survey results are made public, allowing regulators, insurance companies, investors and consumers the ability to identify trends, vulnerabilities and best practices by the insurance industry with respect to climate change. 


The NAIC Climate Risk Disclosure Survey

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