New Risk on the block

Climate change presents arguably the most significant emerging risk of our time.  For the 2022 Actuarial Society of South Africa convention, Pamela Hellig prepared a presentation setting out the urgency with which actuaries should address and manage this risk.  View the presentation, which won the award for Best Oral Presentation, below:

RESOURCES

Nicholas King: Climate Change Implications for SA’s Youth –

Robert Scholes: Climate impacts in southern Africa during the 21st Century –

IAIS: Application Paper on the Supervision of Climate-related Risks in the Insurance Sector –

SARB: A climate change modelling framework for financial stress testing in Southern Africa –

Andries Schutte: Incorporating Climate Risk into the ORSA – Available upon request

EIOPA: Opinion on the supervision of the use of climate change risk scenarios in ORSA –

Andries Schutte: Stress testing for Climate Risk –

Moody’s Analytics: Life Insurers: Climate Risk Modeling in the Risk Assessment Process –

Matthew Chersich et al: Impacts of Climate Change on Health and Wellbeing in South Africa – www.mdpi.com/journal/ijerph

IFoA: A Practical Guide to Climate Change for Life Actuaries –

Accounting for Sustainability: TCFD Climate Scenario Analysis –

CDSB: TCFD Implementation Guide –

TCFD: Recommendations Report –

For further reading, please see our blog on why climate risk is not going away and why actuaries should care or read our article in SA Actuary Magazine – click here.

For more information please contact Pamela Hellig at pamelah@insight.co.za.