This webinar will focus on how climate change affects three major assumption classes that are key to social security actuarial projections: demographic, economic and investment related assumptions. Enhancing qualitative and quantitative analysis of how climate could affect actuarial projections is an important step in the ultimate goal of designing climateresilient and sustainable social security programs. There is a significant amount of uncertainty surrounding the potential impacts given that climate-related risks rely heavily on the transition path to a greener economy. The impacts will therefore depend on the timing and pace of this transition. Technological advances and mitigation policies can also have a strong influence on climate risks in the future and in the short term as they are also drivers of the timing and pace of the transition, which, in turn, are driven by technological advances and mitigation policies. In considering social security systems, some possible consequences of climate change for sustainability and inclusiveness will be discussed and then some possible alternative adaptive measures that governments might consider appropriate to mitigate the effects of climate change on sustainability and equity will be proposed.

Christine Dunnigan | Speaker
Christine Dunnigan joined the Office of the Chief Actuary (OCA) within the Office of the Superintendent of Financial Institutions in 2011, where she is currently a Director in the Social Insurance Programs Section. Christine is responsible for preparing statutory triennial actuarial reports on the Canada Pension Plan and the Old Age Security program. She is also the lead liaison with Canada Pension Plan Investments, and is responsible for leading the OCA's climate strategy. She is a Fellow of the Society of Actuaries and of the Canadian Institute of Actuaries.

Assia Billig  | Speaker
Assia Billig was appointed Chief Actuary within the Office of the Superintendent of Financial Institutions in April 2019 where she is responsible for preparing an array of actuarial reports on key Canadian social security programs such as the Canada Pension Plan as well as on federal pension and insurance plans. Ms. Billig is the former vice-chair of the International Actuarial Association Social Security Committee and the chair of the Technical Commission on Statistical, Actuarial and Financial Studies of the International Social Security Association. 
Ms. Billig is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries, and has a PhD in Mathematics from the University of Alberta. 

Michelle Dong  | Speaker
Michelle is a PhD student at the Australian National University and an actuary working in life insurance and sustainable finance. She also has extensive experience from the Australian group and retail life protection market. 
In the past, Michelle has contributed to climate-related industry research and publications on physical and transition risks through the Australian Actuaries Institute's Climate Risk Working Group, and now with the IAA's Climate Risk Task Force on the seventh paper in the series on climate risk. Her research interests include trends and drivers in mortality and morbidity, climate scenario analysis, regulations and standards on climate-related risks and the implications for insurers

Raffaello Marcelloni | Moderator
Raffaello Marcelloni is an Italian fully qualified actuary. He started his career at the Actuarial Department of INAIL (National Workers' Compensation Authority). After a four-year working experience at INPS (National Social Security Institute), he is currently working again at INAIL. At IAA he is the Chair of the PBSS section, and a member of the Social Security Subgroup of IAA representing the Italian actuarial association. He is also active in the Actuarial Association of Europe (AAE) being an observer of the Social Security Subcommittee and member in many task forces. He is currently vice-chairing the Technical Commission of Statistical, Actuarial and Financial Studies at the International Social Security Association. He has participated in many national and international events as a speaker and has published several papers for AAE, INAIL and for the Italian "Employment injuries and occupational diseases journal.