Brief

"On June 20, 2025, the Financial Services Agency (FSA) issued an update regarding Release of "2nd Scenario Analysis on Climate-Related Risks [Insurance Sector]" (June 20, 2025)". The FSA, in cooperation with non-life insurers and the General Insurance Rating Organization of Japan, conducted a scenario analysis referring to the NGFS's 4th vintage scenarios.

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Financial Services Authority

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