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.

Description: The Society of Actuaries (SOA) Research Institute received a grant from the U.S. National Science Foundation (NSF) to educate insurance actuaries on the use of wildfire risk datasets and models to be developed by researchers from academia and the U.S. National Aeronautics and Space Administration (NASA).