Climate Change
100 results found
Planetary insolvency: could climate change outpace insurance solutions?
Climate disasters are driving insurance losses up 7% annually, threatening to make vast areas uninsurable. Sandy Trust explores the looming ‘great risk transfer’ from insurers to society.
Talking Sustainability with Nick Spencer
We interviewed Nick Spencer, Chair of the IFoA sustainability Board, covering his ambitions as Chair and his thoughts on actuarial involvement in sustainability. Here is what he had to say.
The Harrier jet of lifelong learning
As one of the IFoA’s 4700+ volunteers, Nick Spencer is Chair of the IFoA Sustainability Board. He featured as our ‘Inside Story’ in the December 2020 issue of The Actuary magazine. In this blog he provides some more details on the role of the Sustainability Board and answers some more questions on his volunteering experience.
Climate change and infrastructure: investment implications for the next 20 years
Anisha Bilala from the IFoA Infrastructure Working Party argues that institutional investors will place a greater financial value on infrastructure projects if they demonstrate climate change resilience. In her paper ‘Climate change and infrastructure: investment implications for the next 20 years’ she also describes ways in which some investors are seeking to influence corporate climate strategies.
Climate scenarios in general insurance
The IFoA Sustainability Working Party’s climate scenarios sub-group explores use of climate scenarios in the non-life insurance industry and by regulators in assessing climate change impact. The authors focus on the developed insurance markets in North America and Europe.
New climate change disclosures newsletter
The IFoA’s Climate Change Disclosures Working Party introduces its new climate change disclosures newsletter. The quarterly newsletter provides an update on disclosure requirements around the globe.
Climate change disclosures newsletter: November 2024
The IFoA’s Climate Change Disclosures Working Party has published its November 2024 newsletter. It provides an update on disclosure requirements around the globe since the first newsletter in May 2024.
Findings of the IFoA Climate and Sustainability Scenarios Committee
Nick Spencer, Chair of the IFoA’s Climate and Sustainability Scenarios Committee, introduces the committee’s findings and recommendations
Five takeaways from COP26 Finance Day
It is not by chance that the first of the COP26 themed days was Finance Day. Central to the perceived success of the UN Climate Change conference was reaching the Paris Agreement target of US$100 billion per year of funding to developing nations to address climate change. But more than that, the UK Presidency declared that to reach our climate goals, “every company, every financial firm, every bank, insurer and investor will need to change.” This will require both public finance for the development of infrastructure and private finance to fund technology and innovation, and to help turn the “billions of public money into trillions of total climate investment”.
IFoA Policy Manager Caroline Winchester was at Finance Day on Wednesday 3 November and here are her five takeaways: