Description: Presenters will explore how climate risks are measured scientifically, and in what ways the insurance and reinsurance industries can play a larger role in managing risk. In an accessible manner and assuming no scientific background from the audience, we will review and discuss the background of climate science, and the unique role that the insurance industry can play. Specifically, we will discuss outcomes from a recent interdisciplinary workshop, 'The Nexus of Climate Data, Insurance, and Adaptive Capacity,' held November 2018 at The Collider in Asheville, NC. The workshop facilitated a national, interdisciplinary scientific research discussion on modeling and managing climate change risks between three different, but related research communities: the climate modeling and data community, statisticians, and researchers within the insurance and reinsurance industries. Co-sponsors of the workshop include the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), the National Science Foundation (NSF) and the Statistics and Applied Mathematical Sciences Institute (SAMSI)

Description: Actuarial weather extremes, January, 2021

Description: Actuarial weather extremes, November 2020

Description: This report examines three extreme weather phenomena in December 2020: Continuing drought in the Western United States, heavy precipitation, snowfall, and flood in the Eastern U.S., and ranking 2020 global land and ocean temperature vs previous annual averages of the last 141 years.

Description: Actuarial Weather Extremes: May 2021

Description: Learn various ways that actuaries are an making an impact on social issues such as healthcare, public health and climate change. Do you ever wonder if the actuarial profession is doing more than making bottom line revenue for its employers? Hear directly from multiple actuaries who are following their vocation by utilizing their actuarial skills to address real societal issues.

Description: This report examines weather conditions for daily maximum temperature (TMAX), drought conditions, and snowfall that are extreme in an historical context. The report also examines the early eighth named storm to make landfall in the U.S. (Hurricane Nicholas), ahead of the eighth landfall storm of 2020, which had a record 11 named landfall storms for the year.

Description: This report examines weather conditions for high temperature, drought conditions, and late in the year tornadoes that are extreme in an historical context.

Description: Presenters will address optimal new business written premium mix at the firm and state levels under varying competitive conditions. They will explore the use of mean-variance optimization to determine a company's optimal new business written premium mix for a given geographical area, predicting statewide product mixes using varying rate regulation scenarios, involving profit caps and measuring/testing a market's competitiveness for a given line of business. The scope of the ideas to be presented is international, applying to property, liability, individual and group life; individual and group health; disability and accidental insurance. Examples will be presented for general insurance in the United States

Description: This report examines weather conditions for precipitation, drought conditions, and tornadoes that are extreme in an historical context.