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For all CIA members

Less than a Week to Submit Comments on the CIA’s Notice of Intent – CIA Climate Change Public Statement

Almost 20 percent of CIA members have read about the notice of intent for the climate change public statement. We are pleased to see interest in the development of this public statement and encourage members to submit comments by the June 12 deadline.

As noted in the Progress Report – Development of CIA Public Statements – Proposed Bylaw Amendments and 2017 Public Statement Topics, in December 2016 the Board approved the topic of “climate change impact on life and property and casualty (P&C) insurance, investments, and pensions” for further consideration in 2017, with the goal of eventually developing a level-2 CIA public statement.

This notice of intent (NOI) sets out the proposed direction and content of the public statement.

Key Components

With regard to the targeted practice areas (i.e., life, health, and P&C insurance, investments, and pensions), the public statement will serve the public interest by

  • Demonstrating the range of climate-related risks affecting these practice areas (e.g., effects on health, mortality, property damage from extreme climate events, stranded assets, etc.);
  • Identifying the gaps in information and tools in the context of actuarial work (e.g., Task Force on Climate-related Financial Disclosures (TCFD) recommendations); and
  • Identifying actionable initiatives whereby the actuarial profession has a unique opportunity to help to assess, adapt to, and mitigate climate change risks.

The intent is to identify areas where the CIA has a unique opportunity to contribute towards helping to assess and adapt to climate change risk, and initiatives whereby the actuarial profession can bring added value and uniquely contribute to the well-being of society as a whole by increasing the probability of meeting the agreed-upon global 2-degree Celsius target.

Member Feedback

Please note there was a technical problem with the submission e-mail address and anyone submitting comments would have received a notice that they could not send to the e-mail list. We apologize for the glitch and encourage anyone who may have tried to submit comments previously to resend them to ClimatePublicStatement@cia-ica.ca by June 12, 2017. No other forums for obtaining feedback on this NOI are contemplated.

Due process has been followed in the preparation of this NOI.
Link(s)
Council/Committee
Climate Change and Sustainability Committee
Contact with Questions ClimatePublicStatement@cia-ica.ca 
Announcement Number
2017-05(03796)
June 7, 2017