This report provides a summary of the expert meeting on assessing the risk of loss and damage associated with the adverse effects of climate change, held in Tokyo, Japan, from 26 to 28 March 2012. The meeting discussions focused on the different aspects of the risk assessment process, including (a) the data and information requirements for assessing impacts and climate risks; (b) methods and tools for risk assessment, including their requirements, strengths and weaknesses; (c) capacity needs for applying risk assessment methods on the ground; and (d) linking risk assessment with decision-making. The report includes a summary of the key issues addressed at the meeting and common issues/areas identified in furthering the work on loss and damage in developing countries that are particularly vulnerable to adverse effects of climate change