Description: Explore the key concepts actuaries need to know in relation to climate change and detail areas of practice where actuaries have a crucial role to play, both within insurers and at other business. Specifically the session will cover:-tkey risks from climate change insurers need to be considering, climate change insurance regulatory considerations (including SEC and DOI specific developments) and stakeholder overview (e.g. investor preferences), relevant climate change reporting standards, including TCFD, climate change risk assessments and integration into risk management frameworks, climate change scenario testing, data and methodologies , net Zero in insurance, greenhouse gas quantification across investments and underwriting portfolios, and business integration and what does this mean for actuaries and what is our role?

Description: The actuarial profession and our stakeholders in the insurance industry are in a unique position to help quantify and mitigate environmental risks via pricing and benefit incentives. Property insurance prices and benefits can encourage responsible and sustainable development. By developing insurance markets and making various types of insurance available in developing regions, which are disproportionately affected by environmental risks and hazards, we can provide protection that is critical for economic development. In spite of the risks posed by environmental issues to actuaries and our stakeholders, and in spite of the opportunities for actuaries and our stakeholders to address environmental risks, actuarial literature is limited with respect to such topics as: environmental risks, including natural disasters, pollution, clean air and water, degradation of the natural and human environment, resource depletion and sustainability, climate change and its consequences; local, national, regional and global efforts to address environmental risks; methods and models used by the scientific community to study environmental risks; methods and assumptions used to quantify the economic or financial risk associated with environmental hazards. This webcast will feature three of the papers addressing these topics that have been published so far in this series of twelve papers. The authors of the papers will present their topics and attendees will be able to participate with questions and answers.

Description: 2021 Life Meeting - Session 5C: Assumption Setting in an Uncertain World 8.31.21 Recording

Description: A call for project proposals to study the impacts of climate-induced migration on various areas which can influence the delivery of services and availability of insurance coverages.