The magazine of the actuarial profession

Environment

Flood insurance guarantee extended by a monthInsurers have extended their commitment to offering cover to properties at high risk of flooding by one month to the end of July. 16 May 2013
Europe's severe winter weather in March 'cost €1.8bn'Winter weather last month affected much of Europe, causing economic losses worth an estimated €1.8bn, Impact Forecasting said yesterday. 05 April 2013
Flood payouts topped £1bn last year, say UK insurersInsurance claims resulting from flood and storm damage reached £1.19bn last year, the highest since 2007, the Association of British Insurers revealed today. 15 February 2013
January floods in Australia and Indonesia 'cost $6bn'Severe flooding in Australia and Indonesia last month caused estimated economic losses of around $6bn, according to a report published by Aon Benfield yesterday. 08 February 2013
Mining firms 'need more dynamic approach to risk'The 'unprecedented' number of challenges facing the mining industry this year means companies operating in the sector must check their risk and insurance requirements more frequently and dynamically, Willis said today. 05 February 2013
Environment: Sharing a finite worldDr Aled Jones looks at the impact of earth's dwindling resources on economic growth 01 February 2013
Environment: Carbon omissionsCarbon capture is seen as a key part of the war on global warming, but that particular battle can't be won unless insurers come up with viable risk management solutions. Chris Gingell reports 01 February 2013
A new actuaries climate risk indexIn the first of a series of occasional articles highlighting new research and developments by member interest groups and other communities, Yves Guérard appraises a new report on climate change and its impact on insurance risk 01 February 2013
Severe weather claims 'set to push up home insurance premiums'Home insurance premiums remained largely unchanged in the last three months of 2012 but a flurry of claims related to recent severe weather will push up the cost of cover in the early part of this year, according to the AA. 30 January 2013
Resource scarcity 'could wipe out pension assets'Actuaries should do more to take into account the potentially disastrous impact that constraints over natural resources and climate change could have on pensions, according to research commissioned by the Institute and Faculty of Actuaries. 21 January 2013

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Actuarial Profession Resource and Environment Group

The Actuarial Profession hosts a Resource and Environment Group (REG) - a member interest group with over 350 members.

Its aim is to help actuaries with resource and environmental issues as they affect the profession, and suggest how actuarial skills may find new and exciting outlets in working to confront them.

More information on the group can be found here