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Risk

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Life Insurance
Climate Change
Risk

When black swans turn into gray rhinos: part 5 – risk aggregation

In the fifth part of our swan blog series, we explore how black swans and gray rhinos may interact in a changing landscape, and how insurers can respond in such an uncertain environment.

IFoA
Risk
Sustainability

What is impact investment and what are its challenges?

As a newly created IFoA Impact Investing Working Party, we are looking to produce a source of knowledge on the topic of impact investing that is current and relevant, provokes critical thinking, and helps to shape future action.

Sustainability
Biodiversity
Climate Change
Risk

Nature-related risks are as detrimental as climate risks: a call to action for actuaries

Mary Goldman, Nick Spencer and Esin Yilmaz Caglar of the The IFoA's Biodiversity Working Party explores nature-related risks, some current challenges in scenario analysis, and what it means for actuaries.

Climate Change
Risk
Sustainability
Biodiversity

Understanding nature-related physical risks

This is part four in a series of blogs about nature-related risk from the IFoA’s Biodiversity Working Party. In this post, we focus on nature-related physical risks by providing some examples of their different types.

Climate Change
Risk
Sustainability
Biodiversity

Transition risks arising from nature-related risks

This is part five in a series of blogs about nature-related risk from the IFoA’s Biodiversity Working Party. Here we explore nature-related transition risks, and why we need to include transition risk in nature-related risk.

Risk
Infrastructure
Resilience
Finance

Managing infrastructure resilience

Here Chris Lewin of the IFoA’s Infrastructure Working Party aims to stimulate strategic thinking about resilience by those who plan infrastructure and those who run it once in operation.

Sustainability
Climate Change
Risk
Infrastructure

Guest blog: Could the consequences of climate change frustrate our ability to tackle its causes?

The IFoA’s report ‘Climate Scorpion: the sting is in the tail’ highlighted not only the tail risks but the potential for positive tipping points – acceleration of positive trends. But it’s important not to be overly optimistic about our prospects.

Past Sustainability Board chairs Nick Spencer and Sandy Trust asked leading academics Laurie Laybourne and Ben Shread-Hewitt at the Strategic Climate Risks Initiative to outline ‘derailment risk’. What if the physical impacts of climate change do not accelerate our progress to a low-carbon, stable climate future, but act as a barrier against it?

This is an important ‘third rail’ that actuaries should be aware of in their policy and future pathway projections.

Sustainability
Biodiversity
Climate Change
Risk

Finding our balance with nature: introducing Planetary Solvency

Today we publish ‘Planetary Solvency – finding our balance with nature’, the IFoA’s fourth report in collaboration with climate scientists. Here, report author Sandy Trust introduces the concept of Planetary Solvency and why it is essential for future prosperity.

Infrastructure
Sustainability
Risk
Biodiversity

The risk is not just volatility: it is irreversibility

Emily Forsyth-Davies, member of the IFoA’s Sustainability Board, explains why she believes our new report ‘Planetary Solvency: Tipping into the wild unknown’ is so important.

Climate Change
Life Insurance
Risk
IFoA

When black swans turn into gray rhinos: part 6 – a life insurer’s perspective

In the sixth part of our swan blog series, we take a look at the implications and challenges presented to life insurers when it comes to exploring climate risk through this lens.