The Insurance Commissioners of six U.S. states (California, Connecticut, Minnesota, New Mexico, New York and Washington) require insurance companies to respond to a Climate Risk Disclosure Survey on how they manage risks related to climate change.iii In March Regulation Authority (APRA) announced that it will increase its scrutiny of how banks, insurers and superannuation trustees are managing the financial risks of climate change to their business.iv Insurance regulators in Asia including Malaysia and Singapore, have recently released guidance setting out how insurers and other regulated financial institutions should manage their physical, transition and liability risks through enhanced governance, risk management and disclosures practices, as well as climate change scenario analysis.v AIG continuously monitors and adapts as appropriate to the potential impact of climate change-related regulatory risks to ensure the sustainability of the businesses and investment management practices.