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: Globalization causes insurable loss through disease, crop damage, infrastructure damage, and ecosystem services damage.

Description: The research provides a modeling framework for assessing the inundation risk of properties and their expected flood damages, thereby laying a foundation for flood insurance pricing. The researchers studied over 50 years of claims data from the National Flood Insurance Program with 2.5 million records and identify property characteristics that predict flood damages for inundated properties. The development of a private flood insurance market hinges on insurers’ ability to better understand and price flood risk. This research takes a closer look at flood risk modeling and flood insurance pricing.

Description: Integrated Assessment Models (IAM) combine scientific scenarios that project changes in greenhouse gas (GHG) levels, resulting in global temperature increases and meteorological volatility when GHG increases, with quantitative economic models expanding on an aligned narrative.

Description: This research report educates the actuarial community about the various shades of the flood risk as well as the state of the art in quantitative flood risk modeling.

Description: This report examines weather extremes in precipitation, maximum water level, wind speed, and flooding associated with the time period and geographic area of Hurricane Laura over the period of August 24 to August 29, 2020.

Description: Actuarial weather extremes, January, 2021

Description: The Society of Actuaries Research Institute’s Catastrophe and Climate Strategic Research Program is pleased to release the following essay exploring the Actuarial Role in addressing Severe Thunderstorm Risks.

Description: This research paper studies catastrophe insurance pools covering losses caused by extreme weather events.

Description: The document is about the post-wildfire drinking water crisis and its implications for the insurance industry. It discusses the contamination of drinking water systems by wildfires, remediation strategies, financial considerations for the insurance industry, and potential contributions from the actuarial community.