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The Actuary The magazine of the Institute & Faculty of Actuaries


  • Climate Change Climate change: A measured approachNico Aspinall, chair of the IFoA Resource and Environment Board, talks to Cintia Cheong about raising the profile of the actuarial profession and what actuaries can do in the context of climate change 04 February 2016
  • Hot Globe Illustration It's a fair COPIt will be interesting to explore what the end of the fossil-fuel era will mean for business and financial services 04 February 2016
  • Feb Feature Illustration Social security in a new climateSimon Brimblecombe looks at the role of social security in helping to deal with the effects of climate change around the world 04 February 2016
  • Aerial view over flooded area © Shutterstock Flood Re secures £2.1bn dealFlood Re has successfully secured the remaining funds required for its new reinsurance programme worth £2.1bn. 02 February 2016
  • Snow in New York © Shutterstock Insurers in 'constant alert' for next UK stormUK insurers are being vigilant for the next natural disaster after a warning from the Met Office of potentially disruptive weather, according to the Association of British Insurers (ABI). 26 January 2016
  • Storm clouds, Sydney, Australia © Shutterstock Zurich facing a $275m blast from UK stormsZurich Insurance has said it is expecting $275m (£194m) of losses from recent catastrophe claims in December. 21 January 2016
  • Children's hands under a running tap, water crisis © Shutterstock Climate change tops global risks ranking reportFailure of climate change mitigation and adaptation is the number one global risk in terms of impact, according to the latest global risks report by the World Economic Forum (WEF). 14 January 2016
  • Floods in York © Shutterstock Insured losses for storms Desmond and Eva could reach £1.2bnRecent floods in several parts of England, Scotland and Northern Ireland in December due to Storms Desmond and Eva could cost insurers between £900 and £1.2bn, according to PwC. 07 January 2016
  • Renewable energy wind and solar © Shutterstock EU policies push up electricity costs, say think tankEU climate policies are jeopardising energy markets and pushing up electricity costs for consumers across the UK, according to Institute of Economic Affairs (IEA). 04 January 2016
  • A plumber filling bathroom tiles with waterproof adhesive or grout © Shutterstock Insurers urged to focus on future of flood aftermathInsurance companies and loss adjustors are being urged by a property trading body to help flood victims, with measures to improve resistance and resilience during recovery process. 17 December 2015
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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