Join us for an analysis of the impact of climate change on financial institution solvency, profitability, and how other key performance metrics are, or likely will be, required by financial regulators in most major economies in the very near future. Regulators are signaling that such impacts should be assessed through the use of scenario analysis, both qualitatively and quantitatively. Explore an overview of the emerging regulatory landscape for insurers as it relates to the disclosure of climate risk. After that, check out the mechanics and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses, covering both physical and transition risks.
By attending the session, you will be able to:
- Develop an understanding of regulatory requirements for climate risk disclosure across the world.
- Identify and develop awareness of industry standard climate 'pathways' to consider within climate risk scenario modeling.
- Develop understanding of key variables to consider within climate scenario analysis including decarbonization, asset mix, time horizon, & KPIs.
TRACK: Protecting long-term economic progress