Description: The SOA and Milliman announce the completion of the first certificate program focused on measuring and managing climate risk for actuaries. The Climate Change Risk Certificate Program pairs the risk management acumen of actuaries with the interdisciplinary expertise necessary to manage the complexity of climate risk.

Description: Climate change is a risk that all sectors are facing, and both regulators and investors are expecting more disclosure around the ways in which companies are handling climate risk. The Task Force on Climate-related Financial Disclosure (TCFD) framework provides a way to disclose climate-related risks and management structure of these risks. Come learn about the leading framework for climate disclosures for insurers, with many of the framework's principles being used within the updated NAIC climate risk survey and SEC climate regulation. Take a deep dive into the TCFD framework and how it can best be used by life insurers, focused around the SOA sponsored research 'TCFD Best Practices'. Check out the current progress of the TCFD within the insurance sector, best practices of the framework, approaches that are currently taken to satisfy the framework, and how current insurers are using the framework within their business.

Description: This report evaluates the impact and evolution of societal risk management due to projected future changes in frequency, severity, and variety of weather-related catastrophes.

Description: The document is about the post-wildfire drinking water crisis and its implications for the insurance industry. It discusses the contamination of drinking water systems by wildfires, remediation strategies, financial considerations for the insurance industry, and potential contributions from the actuarial community.

Description: Over the course of ImpAct conference, we have taken you on a journey to understand the impact of climate change to the insurance industry. We have examined the risks to the industry both on a short and long term. We looked at tools and approaches, both on the liability and asset sides, to address this emerging risk. Evidences have shown, not only the need to incorporate climate risks is pressing, as an industry, we shall recognize the responsibilities to lead the evolution. This session aims to put everything together and explore progress on company's enterprise risk management (ERM) process to incorporate climate risks and enterprises' attempt to provide sustainability information to audiences in need. We will discuss the latest development in international standard on sustainability disclosure. We will diagnose the challenges on implementation and effort to resolve them. We will compare the requirements and latest developments across different jurisdictions and possible cross learning among them. To conclude, we will land on what opportunities are available to the actuarial community! At the end of this session, participants will be able to: - Discover requirements on sustainability reporting standards across different jurisdictions - Appreciate the challenges and progress to integrate climate risks in company's ERM approaches - Comprehend actuaries' opportunities and responsibilities to contribute

Description: Three consultants offer their views on a pandemic and post-pandemic economic future that awaits Mexico. COVID-19 deepened the contraction of the Mexican economy. As manufacturing and consumption bounce back, sustaineddemand for services can help recovery. But a policy push is needed. The global pandemic came at a time when the Mexican economy had contracted for five straight quarters due to avariety of factors such as deceleration in investment and private consumption and uncertainty around the free tradeagreement with the United States and Canada. The COVID-19 crisis accelerated this trend, resulting in the largest contraction since the Great Depression of 1929.

Description: A preview of the details and content of the new Certificate in Climate Risk to be offered by the SOA beginning in early 2023.

Description: Climate change will lead to an increase in the frequency and severity of many weather-related hazards. In turn, these hazards will impact health outcomes for individuals. Explore examples of this connection with a climate scientist, including how the increase in wildfire severity in the western U.S. is expected to drive a 40% increase in organic carbon aerosols by 2050 and howheat stress will impact vulnerable populations and workers in non-air-conditioned environments. Investigating these relationships will increase literacy on disproportionate impacts of climate change-related health outcomes. Presenters will illustrate the disproportionate impacts by geographically analyzing climate change signals and comparing them with socioeconomic data. Last but not least, you will learn about the evolution in both voluntary and required disclosures for payors and the landscape of why understanding climate risk is relevant for many payors.

Description: This session will highlight the growing significance of climate risk for insurance companies, emphasizing how to prepare for regulatory requirements as well as the impacts on financial stability and operational resilience within the industry. Attendees will gain insights specifically addressing climate risk within insurance operations including enhancing governance structures, ensuring regulatory compliance, identifying and monitoring metrics and key risk indicators, and conducting scenario analyses. Through real-world case studies and perspectives from both life and property and casualty practitioners, participants will leave equipped with practical strategies to navigate the complexities of climate risk management, foster transparency and accountability, and effectively address the urgent challenges posed by climate risk within their organizations. Learning Objectives: - Understand the evolving landscape of climate risk and regulatory requirements for climate risk disclosure - Gain insights into effective approaches and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses - Learn practical strategies for integrating climate risk considerations into insurance operations

Description: Feature article discussing how hot weather extremes have increased globally since the 1950s and the impact of heat extremes on morbidity and mortality.