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EAA "Climate Day 4.0" on
19 June 2023
The debate on climate change has rapidly evolved in recent years.
It is no longer on whether the evidence of human impact on climate
change is real, but on whether key mitigating strategies being
adopted are sufficient.
For insurance industry, climate change manifests itself through a
variety of risks on the asset and liability sides of the balance
sheet.
In our Climate Day 4.0, we are going to zoom into the following
topics:
... further details
Web Session "Mandatory Sustainability Reporting for Insurers -
Actuarial Roles" on 20 June 2023
Up to 2022 additional financial reporting on sustainability has
been done on a voluntary basis by insurance companies. The
reporting companies, usually larger groups, regularly involve
actuaries in the corresponding preparation of information. Early in
2022 relevant institutions have started to prepare concrete
financial reporting requirements at European level, which will
become mandatory for insurance companies as well. On global level
the International
... further details
Web Session "Introduction to Natural Catastrophe Modelling" on 4
July 2023
Natural Catastrophe Models are a key ingredient for the assessment
of Nat Cat risk. Questions like "What losses do we expect from
catastrophic events on average?" and "What losses do we need to
expect in the worst case?" are becoming more and more relevant, in
particular considering climate change. Natural Catastrophe Models
try to answer these questions in a statistical sense, and have for
many years now become an important tool for the
... further details
Web Session "Recent Developments in Climate Risk Scenario
Analysis" on 7 September 2023
Due to its great success in March 2023 and to some requests for a
re-run of our session, we are pleased to offer this online training
again:
Methodologies on Climate Scenario Analysis for insurers have been
developing rapidly over the last years. Ongoing attention by
all stakeholders, pilot exercises all over the world and a
substantial increase in awareness towards climate-related risks
have incited insurers to develop and refine their stress
... further details
Web Session "Extreme Risk Analysis" on 18/19 October 2023
The economic model of insurance is based on mutualization. Roughly
speaking, this consists in considering that the good results of the
majority of the insureds compensate for the losses linked to the
claims of a minority. Mathematically, it is based on the law of
large numbers and the central limit theorem. But new risks, on a
large scale, such as cyber, climatic or epidemiological risks, can
challenge this model. On the one hand, the scale of
... further details
Web Session "Emerging Risks" on 14 November 2023
Recent developments and events have put some Emerging Risks in the
spotlight, such as geopolitical risk, artificial intelligence, and
climate change. However, there is a large number of further topics
in the Emerging Risks universe that might warrant equal attention.
Their assessment will always have to be specific to the individual
company and its activities and requires a good overview and solid
understanding of all Emerging Risk as well as their
... further details
Web Session "The Integration of the ESG Factors in the Insurance
Industry" on 15 November 2023
The insurance sector plays a key role towards a sustainable
transformation of the economy, covering two main functions: as
investors, insurers may redirect public and private investments
through their investment strategies, and as providers of protection
and risk managers, they may positively impact the transition
through their underwriting policies and product design.
Insurance entities must be fully aware of this pivotal role they
play for the
... further details
Web Session "Loss of Nature & Insurers: Implications &
Risk Management Approaches" on 5 December 2023
The consequences of biodiversity and ecosystem loss for humanity
as a whole are potentially devastating. Ecosystems and
biodiversity, among others, can be considered a source of defence
against the effects of climate change and are closely
interconnected with it.
Omitting to consider the importance of these aspects, mitigation
and adaptation to the consequences of the loss of nature, can
represent a source
... further details |
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