Learn about our work on climate change and sustainability
We contributed to this report from the Joint Forum on Actuarial Regulation. It explores the science behind climate change and its relation to actuarial work. Download PDF 8.5 MB
To help your understanding of how climate-related risk plays a role in the work of actuaries, the IFoA’s Actuarial Review Team has completed an information-gathering exercise.
The report finds that actuaries are among those leading the thinking on climate-related risk. The key areas of work carried out by actuaries are scenario modelling, stress testing, and working alongside others in asset management.
Climate change will fundamentally impact how economies perform. It will affect macroeconomic variables such as GDP growth and in turn influence the resulting performance of asset classes and industry sectors.
In this paper we examine the long-term economic and financial impacts projected by a model that combines climate science with macro-economic and financial effects.