Description: 2021 ImpACT Conference - Session 6D: Climate Risk Research for Actuaries 10.27.21 Recording

Description: As one of the biggest emerging risks of our generation, climate change poses complex and materially unique risks to insurance companies. Limited availability of data is proving to be a challenge to accurately modeling these risks. While climate change poses a major risk to financial institutions it also presents tremendous opportunities to risk managers, risk carriers, and actuaries. Explore recent ESG initiatives from the Biden administration, NAIC, and New York regulators on climate change scenarios and what it means for insurance companies. By attending the session, you will: - Understand recent updates and news surrounding ESG and insurance. - Realize lessons learned globally from other countries shifting to an ESG environment. - Comprehend the unique risks of climate change versus typical stress/scenario testing. - Understand how climate change scenarios are developed.

Description: Bringing together industry experts spanning investment management and property/casualty insurance, this panel discussion will take the audience beyond spelling ESG correctly and will share their insights about what Environmental Social Governance is.

Description: Environmental, Social, and Governance ('ESG') frameworks have been evolving over the last several decades in industries across the globe. The Life and Annuity insurance industry has traditionally not been viewed to be largely impacted by various ESG requirements and frameworks, but as these mature and evolve, L&A carriers need to understand potential implications on their industry.This panel discussion will focus on how experiences in other industries can inform impacts and solutions to the L&A industry.

Description: Newly released spring 2019 data added to the Actuaries Climate Index show that more frequent extreme weather and increases in sea level continue to push the index upward. The ACI’s five-year moving average now stands at 1.16, up from 1.12 last quarter.

Description: July 2023 was the hottest month on record in parts of the Southwest U.S. and was also the hottest month on record globally. It will be helpful to study the impacts of excessive heat and the applications to actuarial practice including quantification of risks resulting from it.

Description: The American Academy of Actuaries announces the inaugural Award for Research, to be awarded to an early career scholar for the best research from an actuarial perspective. The theme for this year is Climate Change/ Climate Risk.

Description: Now that Covid and other viruses seem to be leaving us (hopefully!), what is left of the aftermath? For two locked-down years, we no longer could network face-to-face, meet with colleagues at work, do lunch or breakfast, enjoy meeting for coffee, nor attend conferences or other events to experience great speakers up close. Nor could we show up as one of those great speakers ourselves! This article explores what's next in our newly virtual world of public speaking!

Description: Climate change is a risk that all sectors are facing, and both regulators and investors are expecting more disclosure around the ways in which companies are handling climate risk. The Task Force on Climate-related Financial Disclosure (TCFD) framework provides a way to disclose climate-related risks and management structure of these risks. Come learn about the leading framework for climate disclosures for insurers, with many of the framework's principles being used within the updated NAIC climate risk survey and SEC climate regulation. Take a deep dive into the TCFD framework and how it can best be used by life insurers, focused around the SOA sponsored research 'TCFD Best Practices'. Check out the current progress of the TCFD within the insurance sector, best practices of the framework, approaches that are currently taken to satisfy the framework, and how current insurers are using the framework within their business.

Description: Product opportunities in the new interest rate environment