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Tipping Points in Climate-Related Insurance Modeling

Document discusses growing risks in the life and health insurance industry from catastrophic events like pandemics and climate change. It explores how insurers can model these risks and ...
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Description: This report provides a methodology for identifying climate regime shifts in different scenarios to prepare insurers for the impacts of climate change. It discusses physical tipping points, socio-economic tipping points, and regime shifts affecting the insurance industry, with a focus on wildfires in California and heat stress in the Pacific Northwest.
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- Date: Aug 2024
- Competency: External Forces & Industry Knowledge
- Topics: Actuarial Profession; Modeling & Statistical Methods; Environment; Environment>Climate trends

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Tipping Points in Climate-Related Insurance Modeling