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The Actuary The magazine of the Institute & Faculty of Actuaries
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Environment

  • Floods Flood Re poor value for money, says CCCThe government's flood reinsurance scheme, Flood Re, has been criticised as needlessly expensive, by Lord John Krebs, chairman of the Committee on Climate Change (CCC)'s adaptation sub-committee. Monday, February 9, 2015
  • Oil barrel - Shutterstock Impacts of falling oil pricesWith the price of oil down, Gail Tverberg asks how the commodity is likely to perform in the next few years and predicts the many likely effects on the energy market and the global economy Thursday, February 5, 2015
  • Floods insurance cover risk European Commission approves Flood ReThe European Commission has approved the UK Flood reinsurance scheme, known as 'Flood Re'. Friday, January 30, 2015
  • Munich Re: 2014 natural catastrophe losses 'lower than usual'Natural catastrophe losses in 2014 were much lower than in previous years, according to reinsurer Munich Re but it warned that things could change in 2015. Wednesday, January 7, 2015
  • Osborne_iStock IFoA welcomes extension of Osborne's 'pensions revolution'Actuaries have welcomed the chancellor's announcement that he will abolish inheritance tax on joint life or guaranteed term annuities for people who die before the age of 75. Wednesday, December 3, 2014
  • Insurers 'cannot tackle climate change alone'Action by the insurance industry is not sufficient on its own to protect buildings from damage arising from climate change, the Urban Land Institute has said. Wednesday, December 3, 2014
  • Floods Government commits £2.3bn for flood defencesGovernment ministers have announced that £2.3bn will be allocated to boost flood defences in England to 2020, improving protection for more than 300,000 homes. Tuesday, December 2, 2014
  • Flooding SHUTTERSTOCK Government auditors warn on future flood riskGovernment spending on maintenance flood defences has fallen by 6% over the last five year, ramping up the risk of future flooding, the National Audit Office said today. Wednesday, November 5, 2014
  • Flooding ISTOCK Climate change experts urge flood-risk reduction planThe government and insurers should collaborate on a plan to reduce flood risk, the official advisory committee on climate change has said after finding that the uptake of sustainable drainage systems (SuDS) in new development was low. Wednesday, October 29, 2014
  • Insured natural catastrophe losses down on last yearInsured losses from global natural disasters in the first half of 2014 reached $22bn, down $5bn on last year, according to Aon Benfield's monthly Global Catastrophe Recap report. Thursday, July 24, 2014
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Resource and Environment Practice

The social, business and financial worlds are increasingly being affected by environmental risks, the likelihood of future changes and the measures taken by governments to try to deal with them. As long-term risk managers such developments are of crucial interest to actuaries. The Resource and Environment practice area works to identify the implications for actuaries and their clients and help in the development of appropriate responses. 

See https://www.actuaries.org.uk/practice-areas/resource-and-environment/about-resource-and-environment