The objectives of the Climate Change Working Party are to build on the comprehensive work of the General Insurance climate change working party which reported and disbanded in 2007. The Working Party is currently focussed on three key areas:
- the specific impact on the insurance and finance industry for different timelines, including liability risk and the interdependencies of the risks
- implications of climate change mitigation and adaption for capital markets, including the opportunity to develop capital and insurance tools useful in addressing climate change inter alia through the more efficient allocation of risk
- approaches to communicating the risks and uncertainties of climate change to different audiences
- Climate Change for Actuaries: An Introduction
- GIRO 2018: Workshop F: Climate Change: A Survival Guide
- Working Party update GIRO 2015
- 9 November 2017
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We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”
In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.