Climate change is expected to have a significant impact on the economic and social landscape in which health and care companies operate, with implications for the work of health and care (H&C) actuaries. There are currently few resources available to H&C actuaries, particularly to help them identify specific issues that are relevant to their work and associated actuarial advice, and to help them explore the potential impacts.

Key objectives:

  • Develop and maintain a Climate Change Practical Guide for H&C actuaries
  • Identify and monitor climate change issues of relevance to H&C actuaries
  • Recommend topics that are most relevant to H&C actuaries where further in-depth research would be of value and engage with the H&C Research Subcommittee. For example, topics could include:
    • Air quality
    • Food and water security
    • Temperature change
    • Extreme weather
  • Work with climate change WPs from other practice areas to share information and ensure a degree of consistency across practice areas
  • Share relevant findings and resources with H&C actuaries and help facilitate an appropriate response to climate change
  • Identify relevant publicly available research and other resources which may be interest to H&C actuaries [ongoing]
  • Curate the H&C CC section on the IFoA website [ongoing]
  • Explore opportunities to co-ordinate with IAAHS on climate change initiatives

Key outputs:

  • A published Climate Change Practical Guide for H&C actuaries
  • A maintained list of key climate change topics for the H&C practice area
  • A prioritised list of topics where further research may be valuable
  • Articles, webinars, etc presenting the outputs and findings of the WP
     
Chair: Paul Lacock
Membership: 4
Established: 2022

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