17 September 2019
The climate-related risk alert issued in May 2017 by the IFoA stated that “actuaries should ensure that they understand, and are clear in communicating, the extent to which they have taken account of climate-related risks in any relevant decisions, calculations or advice”. Building on this, the IFoA have recently released a practical guide to climate change relating to general insurance work. Containing practical advice into how climate risks may impact the work of GI practitioners, the guide aims to assist actuaries in developing judgements and providing appropriate advice. Read the guide here.