Life Climate Working Party

As part of the Life Climate working party, the insurance risk sub-group is looking at how to support actuaries with climate-related analysis in the context of insurance liabilities, and the impact on non-economic factors.

Over the past couple of years, many authorities around the world have declared a climate emergency. It is now widely accepted that climate change presents a material systemic financial risk.

The Risk Management workstream of the IFOA’s Life Board Climate Risk Working Party is tasked with looking to support life insurers with embedding climate change risks into their risk frameworks. This is the first blog of a series focusing on specific aspects of embedding climate risk into an insurer's overall risk management framework.