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The actuarial profession is increasingly getting involved in climate change issues around the world. This presentation will provide a panoramic view of the various ways actuaries could contribute to this cause.
We will discuss how the International Actuarial Association (IAA), the Network for Greening the Financial System (NGFS), the Task Force on Climate-related Financial Disclosures (TCFD), and more have developed regulations and guidelines to help insurers and other financial institutions to better manage the risks associated with climate change and integrate them into their risk management frameworks and investment strategies.
Actuaries are also developing tools such as the Actuaries Climate Index (ACI), which provides a numerical measure of changes in extreme weather events and sea level rise in various regions around the world. This information can be used to inform decision-making by insurers, governments, and other stakeholders. We will share the development plan of the index in Singapore.
Actuaries can deepen their understanding of climate risk by accessing various learning resources. We will summarise resources, including courses, webinars, professional development programs, and academic programs that are specifically relevant for actuaries. In addition, we will deep dive into specific popular certificates, such as Climate Risk and Sustainability from IFOA, and Sustainability and Climate Change from GARP (Global Association of Risk Professionals).
We will also share about involvement in various ways, such as joining industry working groups locally and internationally.
In conclusion, the actuarial profession needs to take climate change seriously and is actively working to manage its associated risks. Actuaries are developing tools and resources, deepening their knowledge, and getting involved in various ways to contribute to this global challenge.
SPEAKERS
Joey Zhou
Council Member
Singapore Actuarial Society
Joey is a qualified actuary who is passionate about climate change and sustainability. He has pursued his interest in this topic by completing the Certificate of Climate Risk and Sustainability (CRS) with the Institute and Faculty of Actuaries (IFOA), as well as the Certificate of Sustainability and Climate Risk with the Global Association of Risk Professionals (GARP). In his spare time, he serves as a course facilitator for the IFOA's CRS course, co-chairs a research group on climate risks within IFOA, and chairs a research working party on climate change and sustainability within SAS. Joey joins the Public Service of Singapore and works as an actuary for the Central Provident Fund (CPF) Board of Singapore. Prior to it, he worked for insurers and reinsurers.
Davy Dao
Senior Actuarial Manager
Sun Life
Davy is a qualified actuary with a deep interest in climate change topic. He is currently exploring this area by completing the Certificate of Sustainability and Climate Risk with the Global Association of Risk Professionals (GARP)and leading a research project within SAS around a Singapore-based Actuaries Climate Index. Davy works as an actuary for Sun Life in the life industry where he is in charge of Capital Management/Reinsurance and Local Reporting. Previously, he worked in France and New Zealand in the Consulting space where his interest in the climate change topic grew over the years.
FEES
- Members: Complimentary
- Non-Members: $65.00
ADDITIONAL DETAILS
- This forum will be held before the 47th SAS Annual General Meeting (AGM) on the same day. Members are invited to stay on for the AGM. Register for the AGM here.