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The Actuary The magazine of the Institute & Faculty of Actuaries


  • Hail stones © iStock Storms and flooding in March cost the US economy $3.5bnSevere weather conditions in the US last month caused economic losses estimated at $3.5bn (£2.5bn) with insurers facing a payout of $2bn (£1.4bn), according to a report by Impact Forecasting, Aon Benfield's catastrophe model development team. 08 April 2016
  • Nepal Earthquake: ruins in Kathmandu city © Shutterstock Insurers pay $37bn for 2015 global disastersInsured losses from natural catastrophes and man-made disasters worldwide were $37bn (£26bn) in 2015, according to a study by Swiss Re. 01 April 2016
  • Earth melting © iStock Climate change risk should be treated like any other risk, event toldPension fund trustees and investors should treat climate change risk like they would any other significant risk, according to David Adkins, chief investment officer at The Pensions Trust. 11 March 2016
  • Cyclone in Fiji © iStock Cyclone Winston takes 'high financial toll' in FijiFiji's economic losses caused by tropical Cyclone Winston have been estimated at $470m (£329m), according to Impact Forecasting, Aon Benfield's catastrophe model development team. 10 March 2016
  • Janos Pasztor, senior adviser to the secretary-general on climate change, United Nations © UN Photo/Mark Garten Insurers 'must be included' in policy architecture of sustainable developmentThe insurance sector has an obvious and immediate financial stake when it comes to mitigating the impact of climate change, former United Nations (UN) assistant secretary-general on climate change Janos Pasztor has said. 12 February 2016
  • 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
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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