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 have been several major disruptions that will likely end up dragging the world into a major regime change. The best way to prepare for the next New Normal is with Scenario Planning. Come join a mock scenario planning exercise working in groups. You will be provided a New Normal Scenario and each group will work to develop a new plan for the transition of a business to successfully navigating that Scenario. Groups will share their scenarios and their plans. Session Coordinators will provide the scenario as well as an outline for a plan to respond to the scenario. Workshop participants will work out details for their scenario and plan in small groups. This session is a follow up to two webcasts sponsored by the JRMS in May and June 2023.

Description: Have you been impacted by a wildfire? A flood, maybe? If so, you know that climate change may impact on our health, our property, and, sometimes, our very lives. But do you know how it impacts your day-to-work? In this webinar, the speaker describes key climate risks actuaries need to be aware of and discusses available SOA research on climate change.

Description: For insurers to preserve and create value, they must understand their exposure to carbon and climate risks and develop decarbonization strategies. Transition plans facilitate this by encouraging organizational thinking and disclosure to the market. 2023 is a crucial year for progress on these initiatives amid evolving regulatory expectations. This session will provide an overview of the transition planning process, value creation and drivers identification, and how to incorporate these into transition and resiliency strategies. As part of climate risk mitigation strategies during transition and beyond, we will present a data and technology framework for insurers to more effectively manage climate risk. In particular, we will discuss dynamic climate risk management (DCRM) solutions which use data and technology to inform adaptation and resilience. Emerging technologies such as AI, IoT, and blockchain can also help insurers manage risks related to climate change more effectively. By attending the session, attendees will learn how to develop transition plans, adopt DCRM solutions and leverage emerging technologies to build resilience against the challenges caused by climate change.