9 March 2020
The IFoA has published a policy briefing on resilience in infrastructure projects and how actuarial science could contribute during the development phase.
The paper identifies key factors behind the need for resilience, such as climate change. It charts a course for improving resilience including identifying options, devising alternative scenarios and accounting for extreme events. Actuaries could help project teams to navigate this process, by building an appropriate resilience analysis framework, choosing which scenarios to study, and assisting them to select the most suitable of the identified resilience options.