Climate Change is Your Future

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Climate Change is Your Future
ClimateChangeWorkingParty
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(No Transcript)
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Theorem Actuaries should know all about climate
change Proof Actuaries make financial sense of
the future. The future includes climate change
for sure and climate change will affect the
future It will affect the natural environment It
will affect economies It will therefore affect
asset returns on pension funds, mortality,
property damage from extreme events, liability
losses, terrorism (maybe), the workforce, price
inflation, food availability, water availability,
house prices, health.. These factors all
directly affect the entities we advise. We claim
to be experts about the future and how to manage
risk. Therefore we should know all about climate
change.
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Introducing
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Dr Dave Stainforth

• Associate Professor, Exeter Uni
• NERC Research Fellow
• Climateprediction.net at Oxford University (chief
  scientist)
• visiting research fellow London School of
  Economics
• Uncertainty analysis in climate forecasting.

Chosen subject
climate change why we believe it and what
could happen next
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Mr Oliver Bettis

• Pricing Actuary for Great Lakes UK, the direct
  insurance division of Munich Re.
• Previously worked in non-life reserving, mainly
  long tail lines of business.
• 18 years experience in the insurance business, 7
  years in actuarial work

Chosen subject
An actuarial view of climate change
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Mr Nick Silver

• Chief actuary to Parhelion Capital Limited
  (carbon market insurer)
• Chairman of the Environmental Research Group of
  the Actuarial profession
• Advisor toCarbon Disclosure Project, UNFCCC, G8,
  DEFRA and DFID on risk transfer mechanisms in the
  context of climate change.
• Senior honorary visiting fellow at Cass business
  School

Chosen subject
Economics of climate change
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Mr Dan Hamza-Goodacre

• Responsible for
• the adaptation provisions in the Climate Change
  Bill,
• embedding climate risk management in policy
  making (etc)
• Previously he has
• been an Environmental Attaché for the Foreign and
  Commonwealth Office
• researched Global Environmental Politics at
  Bristol University

Chosen subject
What are policymakers doing?