The IFoA is asking actuaries to take part in an information-gathering exercise on climate related risk – systemic long-term risks that impact the actuaries’ work in many areas.
The 2017 IFoA Risk Alert called on actuaries to consider how these risks affect their decisions and advice. As a signatory to the Green Finance Education Charter, the IFoA is committed to report on progress in mainstreaming the principles and practice of green and sustainable finance.
The IFoA Review Team is looking at the involvement of actuaries across all practice areas in the treatment and assessment of climate-related risk. Senior review actuary David Gordon commented: “The information shared will allow us to understand the ways actuaries treat climate risk across insurers, pension funds and other financial institutions. As a regulator, we want to understand the extent of actuarial involvement in this area and to identify high impact work being carried out.
A report of the findings will be published later in the year to provide our members with an up-to-date picture of actuarial work in this critical area, and to identify where more focus may be needed.”
To take part in this exercise, and for more information about planned reviews, visit bit.ly/3qLfvwc or contact the Review team at [email protected]