Scenario modelling is an important component of the actuarial risk-management toolkit. In the context of climate change, scenario modelling enables financial institutions and regulators to investigate the impact of different climate futures, which is important given the challenges we face.
The IFoA has partnered with the University of Exeter to produce this paper demonstrating how a deeper understanding of climate change, including tipping points can improve financial services climate- scenario modelling.
Read More (PDF)Organization: Institute and Faculty of Actuaries