Description: Explore an essay collection from the Society of Actuaries (SOA) Research Institute that focuses on how climate change may impact retirement security.

Description: This report provides statistical summaries of global warming trends using ERA5 data. The report compares temperature data from different time periods and highlights warming trends across air and sea-surface temperatures.

Description: There is value in a framework that allows a smooth transition from a qualitative assessment to a quantitative analysis as entities mature in their understanding of climate risk. In this webcast, a case study on climate change's impact on home prices, a topic the SOA published research on, will be discussed along with other perspectives. The goal of this webcast will be for attendees to takeaway knowledge and tools to begin to move toward quantitative assessments in their own fields of practice.

Description: This session will provide an overview qualitative and quantitative assessment of climate risks of insurance companies

Description: There is value in a framework that allows a smooth transition from a qualitative assessment to a quantitative analysis as entities mature in their understanding of climate risk. In this webcast, a case study on climate change's impact on home prices, a topic the SOA published research on, will be discussed along with other perspectives. The goal of this webcast will be for attendees to takeaway knowledge and tools to begin to move toward quantitative assessments in their own fields of practice.

Description: Where once an insurer's chief investment officer (CIO) reigned supreme over assets-aided and sometimes hindered by the involvement of a chief risk officer (CRO)-these days managing portfolio risk and return seems to be an altogether more complex affair. No less of this complexity has come from the expansion by insurers into illiquid assets in the last decade. Moving away from traditional assets has raised scrutiny of liquidity risk management, but how do insurers tackle this? In a world 'brimming with large and growing portfolio allocations to illiquid private assets,' liquidity management concerns are distinct from a typical CRO's portfolio or asset risk orientation. There's a need to look at all aspects of a fund's liquidity demands and sources, such as top-down asset allocation, bottom-up private market deal-making activities, and internal and external operations. A dedicated liquidity management function should also be able to identify both explicit and potential liquidity demands and sources and, in particular, stay in touch with market movements and the regulatory environment. It should identify, evaluate and keep at-the-ready possible external liquidity facilities-for example, the secondary market for private equity stakes, a collateralized portfolio liquidity line, a repurchase agreement or a futures program. A high-quality liquidity management team can also identify when a fund has too much liquidity, the cost of being overly cautious and how to put excess liquidity to work.

Description: The world of climate risk disclosures has seen dizzying levels of change in the last few years. In 2023, many regulators have publicly issued guidance on what insurance companies and other FIs should look to disclose. So what are we seeing in these disclosures and how do we use this information? Join our panel of experts to learn about the evolution of U.S. life insurance industry's climate disclosures and how insurers of all sizes and complexities are responding to NAIC's requirements.

Description: Discuss a comparison of the U.S. general and insured population mortality experience and how COVID-19 and non-COVID-19 excess deaths impacted the populations differently. Discover the population mortality experience in the UK with a focus on the recent emergence of excess deaths for non-COVID causes. The long-term implications on the insured population will also be explored. Wrap up with a discussion of different conditions of long COVID, including organ impairments.

Description: The SOA Research Institute Catastrophe & Climate Strategic Research Program Steering Committee is seeking researchers to put together a case study discussing scenario development, actuarial methodology, and how to incorporate climate-related tipping points into actuarial practice. With the march toward global temperature increase approaching 1.5 degrees Celsius above pre-industrial levels, it would be valuable to research what it would look like when the point has been reached and we are in an era, or “new-normal,” represented by more extreme climate-related events.

Description: Climate risk modeling is taking center stage. With businesses increasingly expected to show how they assess, adapt to, and mitigate the risks of climate change, companies are asking: What is the right climate risk modeling approach for our business?