In this webinar, we will outline what the Institute and Faculty of Actuaries (IFoA) sees as key principles of an actuarial approach to risk management, and how these risk principles can be applied to analysing climate change risk. Using this example, we will illustrate how a multi-faceted approach to decision making can add value by providing a better understanding of the risks involved.
The webinar is free and open to all IFoA members and attendees will have the opportunity to submit questions during the webinar. The registration process is being managed by the webinar’s co-sponsor, the World Business Council for Sustainable Development (WBCSD).
Please register here
Risk management is an important tool to reduce losses, control uncertainty and optimise decision making to improve performance. Actuaries approach risk management with a focus on measuring and understanding how risks impact, both positively and negatively, on the outcomes experienced. Their analysis is not just based on short-term horizons but may extend many decades into the future.
Risk management – an actuarial approach
Recent research by the WBCSD suggests that its member companies do a lot of sustainability reporting but little of this is reflected in their legal filings. We hope that the webinar will help to stimulate ideas about how this important information can achieve the impact it deserves.
This webinar will be presented by Nico Aspinall, Chair of the IFoA’s Resource and Environment Board, following his very well received session during the WBCSD Council Meeting in Paris 2015. Attendees were impressed by Nico's insightful perspectives on catastrophic risk, the human condition, and the role of mathematics and actuarial science in helping us make sense and act on the world’s pressing issues – all delivered with outstanding intellectual rigour and humour.
Speakers
Nico Aspinall, Former Chair, Resource and Environment Board
Nico Aspinall FIA is the former Chair of the Resource and Environment Board of the Institute and Faculty of Actuaries (the IFoA) and previously Chaired the Research sub-committee of the Board.
Time: 13:00 GMT - 14.00 GMT
Introduction by Rodney Irwin, Managing Director, Redefining Value and Education, World Business Council for Sustainable Development (WBCSD).
Location
Address
This event is a webinar only.
Nearest Public Transport
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