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Climate Change Working Party

This cross practice Working Party will focus on a broad range of topics covering all practice areas likely to be effected by climate change. Topics include but are not limited to; Impacts on general insurance risks, mortality and morbidity, effect on risk, growth and investment (including ‘asset stranding’) of government (and regulatory) actions to adapt to and mitigate the effect of climate change, and opportunities for actuaries being created by these changes

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

Outputs:

Chair Carol Storey
Membership 12
Established 2014

 

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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Start date
E.g., 26/07/2021
End date
E.g., 26/07/2021

Events calendar

  • Asia Conference 2021 webinar series

    Online webinar series
    26 July 2021 - 30 July 2021
    Spaces available

    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.”

  • CMI Income Protection

    30 July 2021

    Spaces available

    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.

  • Spaces available

    Risk Management Webinar ProgrammeInternal 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.

  • Spaces available

    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.