Description: This report series identifies and examines weather extremes in North America and beyond. Using data from the National Oceanic and Atmospheric Administration (NOAA), National Centers for Environmental Information (NCEI), NOAA Global Historical Climatology Network (GHCN), United States Geological Survey (USGS), and United States Department of Agriculture (USDA) among others; the reports identify and summarize unusual or extreme single-day or multi-day weather events which are significant in an historical context. The most recent report covers the tremendous scale of Hurricane Ian as it hit Florida and the geographic range of the perils associated with the hurricane.

Description: Feature article discussing how hot weather extremes have increased globally since the 1950s and the impact of heat extremes on morbidity and mortality.

Description: How is extreme weather impacting you? If you live in California, you may have been impacted by the atmospheric rivers unleashing record-breaking rain and snow last winter. If you live in Canada or near Canada, you may have been impacted by the wildfires raging last spring. NASA has declared that the summer of 2023 was the hottest on record. Americans are noticing these changes. In a survey conducted by the Society of Actuaries (SOA) Research Institute, the majority of Americans have reported that extreme weather events-including hurricanes, tornadoes, heatwaves, wildfires, and flooding-have had negative impacts on their health (53%), property (51%), communities (58%) and feelings of general safety (65%). In this session, the presenters will discuss the science behind climate change and the associated risk. At the end of this session, participants will be able to: - Define key terms relating to climate change - Describe the causes of climate change - Describe the impact of climate change our ecosystem, property, and population health. - Describe the impact of climate change on the day-to-day work of actuaries

Description: Explore the key concepts actuaries need to know in relation to climate change and detail areas of practice where actuaries have a crucial role to play, both within insurers and at other business. Specifically the session will cover:-tkey risks from climate change insurers need to be considering, climate change insurance regulatory considerations (including SEC and DOI specific developments) and stakeholder overview (e.g. investor preferences), relevant climate change reporting standards, including TCFD, climate change risk assessments and integration into risk management frameworks, climate change scenario testing, data and methodologies , net Zero in insurance, greenhouse gas quantification across investments and underwriting portfolios, and business integration and what does this mean for actuaries and what is our role?

Description: This session will highlight the growing significance of climate risk for insurance companies, emphasizing how to prepare for regulatory requirements as well as the impacts on financial stability and operational resilience within the industry. Attendees will gain insights specifically addressing climate risk within insurance operations including enhancing governance structures, ensuring regulatory compliance, identifying and monitoring metrics and key risk indicators, and conducting scenario analyses. Through real-world case studies and perspectives from both life and property and casualty practitioners, participants will leave equipped with practical strategies to navigate the complexities of climate risk management, foster transparency and accountability, and effectively address the urgent challenges posed by climate risk within their organizations. Learning Objectives: - Understand the evolving landscape of climate risk and regulatory requirements for climate risk disclosure - Gain insights into effective approaches and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses - Learn practical strategies for integrating climate risk considerations into insurance operations

Description: Where once an insurer's chief investment officer (CIO) reigned supreme over assets-aided and sometimes hindered by the involvement of a chief risk officer (CRO)-these days managing portfolio risk and return seems to be an altogether more complex affair. No less of this complexity has come from the expansion by insurers into illiquid assets in the last decade. Moving away from traditional assets has raised scrutiny of liquidity risk management, but how do insurers tackle this? In a world 'brimming with large and growing portfolio allocations to illiquid private assets,' liquidity management concerns are distinct from a typical CRO's portfolio or asset risk orientation. There's a need to look at all aspects of a fund's liquidity demands and sources, such as top-down asset allocation, bottom-up private market deal-making activities, and internal and external operations. A dedicated liquidity management function should also be able to identify both explicit and potential liquidity demands and sources and, in particular, stay in touch with market movements and the regulatory environment. It should identify, evaluate and keep at-the-ready possible external liquidity facilities-for example, the secondary market for private equity stakes, a collateralized portfolio liquidity line, a repurchase agreement or a futures program. A high-quality liquidity management team can also identify when a fund has too much liquidity, the cost of being overly cautious and how to put excess liquidity to work.

Description: Attend this webcast to learn more on how to navigate managing ESG principles in the new normal of a post-COVID world. Enhance your ESG insights in a post-pandemic landscape.

Description: The world of climate risk disclosures has seen dizzying levels of change in the last few years. In 2023, many regulators have publicly issued guidance on what insurance companies and other FIs should look to disclose. So what are we seeing in these disclosures and how do we use this information? Join our panel of experts to learn about the evolution of U.S. life insurance industry's climate disclosures and how insurers of all sizes and complexities are responding to NAIC's requirements.

Description: There is value in a framework that allows a smooth transition from a qualitative assessment to a quantitative analysis as entities mature in their understanding of climate risk. In this webcast, a case study on climate change's impact on home prices, a topic the SOA published research on, will be discussed along with other perspectives. The goal of this webcast will be for attendees to takeaway knowledge and tools to begin to move toward quantitative assessments in their own fields of practice.

Description: The SOA Research Institute Catastrophe & Climate Strategic Research Program Steering Committee is seeking researchers to put together a case study discussing scenario development, actuarial methodology, and how to incorporate climate-related tipping points into actuarial practice. With the march toward global temperature increase approaching 1.5 degrees Celsius above pre-industrial levels, it would be valuable to research what it would look like when the point has been reached and we are in an era, or “new-normal,” represented by more extreme climate-related events.