Climate Risk Analysis for Life and Health Insurance Companies


Didier Serre, FSA, MSc


On March 31, 2022, the SOA Research Institute assembled an expert panel to discuss key considerations related to climate risk analysis applied to life and health insurance companies. The panelists were selected to represent a wide and diverse array of opinions, and were encouraged to contribute from their own, individual perspective working in areas such as insurance, reinsurance, state regulation, consultancy, meteorology, and climate finance. A summary of the main discussion points is presented in this report.


Climate Risk Analysis for Life and Health Insurance Companies


The SOA Research Institute would like to acknowledge the Swiss Re Institute for their expertise helping to shape the conversation topics to discuss with the expert panel, to best fulfill the research objectives of the project.

The researchers’ deepest gratitude goes to those without whose efforts this project could not have come to fruition: the expert panel participants and others for their diligent work overseeing questionnaire development, analyzing and discussing respondent answers, and reviewing and editing this report for accuracy and relevance.

Kathryn Bakos, BSc, MEB
Steve Bochanski, FSA, CERA, MAAA
Steve Bowen
Cindy Bruyere, PhD
Nina Chen
Sara Goldberg, FSA, MAAA
Sam Gutterman, FSA, CERA, FCA, FCAS, MAAA, HonFIA
Frank Horn
Li Liu
Alice McKenney
Max Rudolph, FSA, CFA, CERA, MAAA
Peter Sousounis, PhD
Lawrence Tsui, FIAA
Michelle Young (Chair), FSA, MAAA
Sahana Zutshi

At the Society of Actuaries Research Institute
R. Dale Hall, FSA, MAAA, CERA, Managing Director of Research
Rob Montgomery, ASA, MAAA, FLMI, Consultant - Research Project Manager  

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