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Importance of Climate-Related Risks for Actuaries

Importance of Climate Related Risks for Actuaries by the IAA is the first of a planned series of papers that aim to create awareness and promote actuarial approaches in climate-related risk management and reporting. It discusses the main components of the climate-related risks relevant to actuaries, their implications, and the importance of climate-related risk to each category of actuarial work. The categories considered are actuarial modelling, product management, risk and capital management, investment management, and disclosure. The paper suggests several next steps to consider moving forward.