լи Workshop on Risk and Actuarial Frontiers
Climate Risk and Insurance
The “լи Workshop on Risk and Actuarial Frontiers: Climate Risk and Insurance” brought together լи experts and industry thought leaders to discuss the role of insurance and actuarial science in addressing climate risks. The workshop was hosted by the School of Risk and Actuarial Studies at լи in collaboration with the լи Innovations in Risk, Insurance and Superannuation (IRIS) Knowledge Hub and the լи Institute for Climate Risk & Response. The workshop addressed key issues such as climate risk projections, impact analysis, risk mitigation, insurance pricing, and insurance affordability.
The workshop featured short industry and research presentations, discussions, and networking opportunities for the 130 participants.
Session 1: Understanding climate risk
Moderator: , School of Risk and Actuarial Studies (RAS), լи Business School
Speakers:
(լи ICRR), “Climate endgame? (how) do people understand projections about future climate change?”
(Commonwealth Bank), “Financial Risks of Climate Change: Piranhas or Red Herrings?”
(լи ICRR), “The Importance of External Weather Effects in Projecting the Economic Impacts of Climate Change”
+ Eugenia Fang (RAS), “Understanding compound weather and climate events through the lens of systemic financial crises”
(Allianz), “Climate change implications for financial risk management / scenario analysis and APRA's CPG 229”
Session 2: Insurance affordability
Moderator: , School of Risk and Actuarial Studies (RAS), լи Business School
Speakers:
(լи Political Philosophy), “Justice and disaster insurance”
(Finity) “լи insurance affordability”
(Swiss Re), “Natural disaster risk and insurance affordability”
(RAS), “Cyclone reinsurance pool”
(RAS), “Fairness-welfare analysis: A framework for ethical decision-making”
Session 3: Pricing for climate risk in financial institutions
Moderator: , School of Risk and Actuarial Studies (RAS), լи Business School
Speakers:
(Suncorp), “Pricing for natural perils in general insurance”
(IAG), “Pricing hailstorms in general insurance”
Matteo Malavasi (RAS), “Real option approach to flood risk management”
(RAS), “Dependence modelling for natural catastrophes”
(IFM), “Pricing and modelling transition risk”
(RAS), “Green bond pricing”
(RAS), “Challenges in electricity price modelling due to climate change”
