Description: This paper analyzes climate change's impact on corn yield and insurance claims in Southern Minnesota through an analysis of how temperature and precipitation are expected to change over the next 30 years.

Description: This report provides results from a recently conducted study using the AIR Wildfire Model for the United States and available climate and climate change information to estimate how climate change may influence wildfire losses to U.S. property by mid-century. The climate change conditioned catalogs were used to evaluate climate change impacts (relative change in losses) to the AIR Worldwide US Industry Exposure Database, with all factors other than area burned held constant.

Description: This article provides an overview of the GI Course within the SOA’s Climate Risk Certificate Program

Description: Fifty-three percent of Americans responding to a survey conducted by the Society of Actuaries (SOA) Research Institute reported that extreme weather events – including hurricanes, tornadoes, heatwaves, wildfires and flooding – have adversely affected their health.

Description: Many SOA members are familiar with the Actuaries' Climate Index, the result of an early and critical effort by North American actuarial organizations to grapple with the impact of climate change on our constituents. But did you know that the SOA continues to produce research on the nexus of environmental issues and the actuarial profession? And did you know that under its Strategic Research Program Initiative, the SOA has elevated its commitment to research through the development of a Climate and Catastrophe research program?

Description: A preview of the details and content of the new Certificate in Climate Risk to be offered by the SOA beginning in early 2023.

Description: The Society of Actuaries (SOA) Research Institute received a grant from the U.S. National Science Foundation (NSF) to educate insurance actuaries on the use of wildfire risk datasets and models to be developed by researchers from academia and the U.S. National Aeronautics and Space Administration (NASA).

Description: Climate change is making a significant economic impact into the work that actuaries do. Actuaries working in general insurance have been at the forefront of this work for many years. Now, actuaries in investments, pensions, life and health insurance as well as enterprise risk management are considering the risks of climate change and quantifying the impact of climate change in their modeling. Actuaries can expect to hear of these developments in actuarial circles with speakers representing the Society of Actuaries, the Canadian Institute of Actuaries, the Casualty Actuarial Society, the Institute and Faculty of Actuaries (UK) and/or the International Actuarial Association.

Description: July 2023 was the hottest month on record in parts of the Southwest U.S. and was also the hottest month on record globally. It will be helpful to study the impacts of excessive heat and the applications to actuarial practice including quantification of risks resulting from it.

Description: With climate risk issues receiving increased focus in 2020 and poised for even greater attention from the public and public policymakers in 2021, the Actuaries Climate Index continues to provide important up-to-date data for discussions on climate policy.