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Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation

Friday 12 March 2021 10:00 - 11:00

Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities. In this webinar we will discuss the strengths and weaknesses of various climate-based scenario analysis methodologies, assess the long-term macroeconomic effects of climate change across a range of countries and highlight the use of carbon prices as a financial factor to help assess the impact of transition risk on the economy and investment portfolios. We will conclude by illustrating our approach for integrating climate change pathways into stochastic scenario generations.

Thanks to your invaluable feedback following the successful 2020 Life Virtual Conference,  the Life Lifelong Learning Committee have created four brand new webinars that reflect the latest advances and emerging trends influencing the Life insurance sector today. These webinars will be broadcast live on 12 and 16 March. 

This webinar will run from 10.00 - 11.00 (UTC)

If you would like to register or find out more about the other webinars in this March series, please follow the links below:

12 March 13.30-14.30 (UTC) – Integrated resilience: The future of Recovery and Resolution Planning [RRP]

16 March 10.00-11.00 (UTC) – The price is righter

16 March 13.30-14.30 (UTC) – Transactions & fund restructuring - maintaining momentum in a changed landscape

Event organiser

Contact Events Team for more information.

eventmanagement@actuaries.org.uk

0207 632 1498

Panellists

 

Nick Jessop, Moody's Analytics

Nick Jessop is a Senior Director and Head of Scenario Modelling Research for Moody’s Analytics’ Insurance Modelling and Analytics business. He leads a team of a dozen quantitative analysts, economists and financial engineers based in the UK. He researches Moody’s Analytics risk management solutions including Barrie & Hibbert's Scenario Generation solutions and Moody’s KMV credit solutions. Nick has many years of experience developing financial stochastic models and calibration methods and has 25 years research experience, split between financial and scientific fields. Nick’s current focus is on embedding climate change risks into financial and asset pricing models, and pricing of illiquidity premia.

Nick had been with Barrie and Hibbert for five years prior to the company being acquired by Moody's Analytics in 2011. Shortly after the opening of Barrie and Hibbert’s New York office, Nick spent two years as Head of Model Servicing for North America. Nick has worked on retail investments including Variable Annuities, With Profits and Defined Contribution Pension products. Prior to Barrie and Hibbert Nick worked for three years at the WM Company a leading provider of analytical services to the UK and European defined benefit pension and fund management sectors. Nick was a senior quantitative analyst in a research team examining the performance, investment strategies and risk management of defined benefit pension funds and their investment managers.

Nick has a BSc and a PhD in Astrophysics from Edinburgh University. He is currently studying for a Masters in Ecological Economics.

 

Natasha Margariti, Moody's Analytics

Natasha Margariti is an Associate Director in the Insurance Solutions Specialist team at Moody’s Analytics. She is responsible for supporting insurance clients in the UK, the DACH region, Denmark and Finland. Prior to this Natasha worked as an Associate Director in the Scenario Modelling Research team at Moody’s. In this role she was responsible for the research and development of the insurance solutions such as the Scenario Generator and climate change calibrations. Natasha joined Moody’s Analytics 4 years ago, after working in investment and risk management roles at Royal London and Mercer.

Natasha is a Fellow of the Institute of Actuaries and has a Master of Research in Statistics and Operational Research from Lancaster University and a BSc in Actuarial Science from Heriot-Watt University.

 

Alasdair Thompson, Moody's Analytics

Alasdair Thompson is an Associate Director in the Insurance Modelling and Analytics Research team. He joined Moody’s Analytics in 2012 from a post-doctoral position at the University of Edinburgh.  Alasdair is currently focused on pricing physical and transition climate risks and incorporating these into financial models. Within the research team he has also worked extensively on developing methodology for IFRS 17 and decomposing credit risk. Prior to joining the research team, he played a key role in the delivery of advisory and implementation services projects, focusing on the use of statistical regression techniques for capital modeling.

Alasdair has a MPhys and a PhD in Mathematical Physics from the University of Edinburgh.