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Sustainability Series: The Global Actuarial Response to Climate Change

Milliman: Platinum Sponsor
Thursday 4 November 2021 13:00 - 14:30

The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis. This panel session will draw on the experiences of actuaries in North America, Europe, and Asia and offer insight into how actuaries are working together to prevent the climate crisis from deepening.

Thank you to our sponsors

Platinum Sponsor

Who we are

Founded in 1947, we are an independent risk management, benefits, and technology firm with offices in major cities around the globe. We serve the full spectrum of business, financial, government, union, education, and nonprofit organisations.

Since our inception, objectivity and professional excellence have been our hallmarks. We are independently owned and managed by our principals, who are distinguished by their technical and business acumen, and by their achievements in their respective fields. Our body of professionals includes actuaries, technologists, clinicians, economists, climate and data scientists, benefits and compensation experts, and many others. Over the past seven decades, as the nature of risk has evolved, so has the scope of our work. Today, we are helping clients address some of the world’s most profound social and business challenges, including a looming retirement crisis, an evolving healthcare landscape, the effects of climate change and a global pandemic, and an insurance industry burdened by low-interest rates and daunting reporting requirements. We are empowered by the diversity of our backgrounds, driven by a shared commitment to innovate, and inspired by a common mission: to serve our clients to protect the health and financial well-being of people everywhere. 

 

Star Actuarial Futures: Sponsor

Star Actuarial Futures is an award-winning actuarial recruitment consultancy. Our approach combines deep-market specialism, based on first-hand experience and industry-leading connections, with a commitment to ethics, diversity and sustainability. We have made successful placements with more than 200 actuarial employers, from graduate to Chief Actuary level.

Contact us now if you want to make a difference in your next role.  www.staractuarial.com

Event organiser

Contact Niki Park for more information.

Niki.Park@actuaries.org.uk

020 7632 2152

Chair

Louise Pryor, President of the IFoA

In the course of a varied career as an actuary, software engineer and academic, Louise was Director, Actuarial Standards at the Financial Reporting Council, where she led the development of the Technical Actuarial Standards. She has practised as an independent consultant in the areas of software risk and sustainability and has worked on financial modelling for social security and pensions reform in a number of emerging economies.

Louise is Chair of the London Climate Change Partnership and a non-executive director at the Ecology Building Society.

She became a Fellow of the Institute of Actuaries in 1987 and a Fellow of IEMA in 2019. She has a degree in Mathematics from the University of Cambridge, and a PhD in Artificial Intelligence from Northwestern University.

Speakers

Falco Valkenburg (Immediate Past Chairperson Actuarial Association of Europe)

Falco is an independent consulting actuary. He was elected in The Netherlands on 30 September 2014 “Actuary of the Year 2014”. In over 35 years professional experience with large consulting firms (Towers Watson and others) he has built up in-depth expertise in the field of pensions. He is volunteering since 1999 for the Actuarial Association of Europe of which from October 2005 to October 2021 in the Board of Directors. He is also Vice-Chairperson of the Occupational Pension Stakeholder Group of the European Insurance and Occupational Pensions Authority (EIOPA). Falco believes that there is a growing need for innovation in pensions. He is interested in the link between six P’s: People, Planet, Profit, Pneuma, Pension and Pride. He is supporting two initiatives as an investor: PensioenPod (consumer centered holistic communication tool) and Vive (offering every individual a tailored retirement savings scheme with maximum control and flexibility).

 

André Choquet (Chair, Climate Change & Sustainability Committee – Canadian Institute of Actuaries)

As Chair of the Climate Change & Sustainability Committee of the CIA André is responsible for:

  • Educating actuaries on the relevance of climate change risks to all practice areas in collaboration with other experts;
  • collaborating in the development of climate change research in Canada and internationally;
  • Supporting advocacy efforts and providing input on public policy;
  • Promoting  the expertise of actuaries within Canada in the areas of Climate Change and Sustainability

André is an FCIA, FSA and a Chartered Investment Manager (CIM) who wants to partner with institutional asset owners to review, adopt and implement investment strategies that integrate transition, physical and legal risks associated with Climate Change and other Environmental, Social and Governance (ESG) factors.

 

Cynthia Yuan (Senior Risk Manager, China Re)

Cynthia is the Senior Risk Manager of China Re group. She has more than twenty years’ experience in the insurance industry, mostly in the GI area. She was educated, and previously worked in, the UK but has now settled in China. She has had a number of senior roles including Chief Actuary, CFO for Sunshine Insurance Group, Fosun insurance. Cynthia has extensive experience in the actuarial field including pricing, reserving, catastrophe modeling, capital modeling and asset liability modeling. Cynthia also acts as an adviser for CBIRC on C-Ross and the Asset Liability Management Regulation Board. She is a fully qualified fellow of the IFoA and is also an elected council member for the profession. Work she has done in the climate risk area includes:

  • ESG quantitative reporting disclosure for China Re
  • Working in climate risk credential working party IFoA
  • Speak on various occasion for actuarial role for sustainability development
  • Acting as China’s representative on ESG research working party of IAA.