Description: As 2023 was the hottest year reported year globally, the study of the effects of excessive heat may significantly affect actuarial practice, including the quantification and management of its consequential and related risks.

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.