Description: The Society of Actuaries (SOA) Research Institute commissioned a study to understand how insurers are responding to the framework used for climate disclosure practices, attempting to identify current practice and best and emerging practice. Used by firms to ensure they manage climate risk appropriately, the framework from the Task Force on Climate-related Financial Disclosures (TCFD) focuses on disclosure of governance, risk management, strategy, and metrics.

Description: The earth’s ecosystem appears to be leaving the 10,000-year Holocene epoch that featured a stable environment. For homo sapiens, this stability encouraged a move from hunter/gatherer to farming and urban lifestyles. The new period showcases climate risk, resulting in higher temperatures and more extreme weather. These conditions lead to greater exposures to properties and economies when events like hurricanes and wildfires occur.

Description: Actuarial weather extremes, October 2020

Description: This report examines weather extremes for daily maximum temperature (TMAX) and severe drought conditions. The heat extremes were most impactful in the Western U.S. and Canada, and the severe drought conditions are a continuation and worsening of the most extreme condition statuses in the Western U.S.

Description: The COVID-19 pandemic has had a wide-ranging impact in areas of interest to practicing actuaries. Correlations exist between the pandemic and many topics varying across a range of practice areas. The SOA Catastrophe & Climate Strategic Research Program Steering Committee has sponsored these visualizations exploring the correlation between the COVID-19 pandemic and a theme of choice of the individual contributing authors.

Description: The unprecedented losses associated with recent wildfires are yet another call to insurers to understand how climate change is impacting the landscape of fire hazards. In this report, to further advance understanding of relationship between fire hazard and climate change, for both academic and practitioner communities, we review emerging evidence showing that policies surrounding tree planting are increasingly important for fire hazard insurance. Furthermore, we discuss relevant risk factors and potential mechanisms when accounting for these policies.

Description: Actuarial Weather Extremes: August 2020 Hurricanes, Earthquake, Derecho, Extreme Heat and Wildfire

Description: The SOA Research Institute conducted an online survey of 2,000 U.S. respondents about their perspectives on climate risks. Majorities say extreme weather has impacted their health, property, communities and feelings of general safety. Read the report for details and peruse infographics on findings from other climate risk studies by the SOA Research Institute.

Description: This report highlights major weather stories that unfolded across the month of March 2020.

Description: This report highlights major weather stories that unfolded across the month of May 2020.