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10

Skills in climate risk

Open-access content Monday 3rd October 2016

In The Actuary’s September edition, I read the following statements: Colin Wilson, IFoA president: “These are positive steps in the right direction, but what I am keen to promote is an environment that encourages the profession to innovate and to show thought leadership.

In The Actuary's September edition, I read the following statements:

Colin Wilson, IFoA president: "These are positive steps in the right direction, but what I am keen to promote is an environment that encourages the profession to innovate and to show thought leadership. 

Our new strategy gives us solid foundations to achieve this, but you also have a crucial role to play in shaping and delivering our thought leadership agenda."

Derek Cribb, chief executive: "We must remember that actuaries rarely work in isolation; they increasingly work as part of multidisciplinary teams and this is where they need to be able to showcase the benefits of their actuarial training."

Derek Cribb, chief executive: "We must remember that actuaries rarely work in isolation; they increasingly work as part of multidisciplinary teams and this is where they need to be able to showcase the benefits of their actuarial training."

IFoA Resource and Environment Board: "Actuaries are not currently qualified to critique the technical content of these models."

It would therefore seem of the utmost importance that actuaries are provided with opportunities to develop their skills in critiquing climate models, given the far-reaching social, economic and political implications these models are having.

And, as I explained in my previous letter, unfortunately we cannot rely on the peer review process to ensure the robustness of climate models used in making projections. The IFoA would therefore be living up to its duty to serve the public interest. 


Dermot Grenham

8 September

This article appeared in our October 2016 issue of The Actuary.
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