This report, from the Geneva Association, assesses the implications of climate change for life and health insurers, classifying threats related to morbidity and mortality into four categories: acute, chronic, transition and litigation. It finds that the short-term consequences for the sector have so far been limited. However, the frequency and severity of climate events are expected to increase in the coming years. With over 40% of the world’s population residing in climate-vulnerable locations, the shocks felt by health and life insurers are therefore likely to become more severe in the long term.