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The green transition: actuarial roles and lessons from China

The green transition – a global shift toward sustainable practices and technologies – is essential for combating climate change, and actuaries have a critical role to play.

Getting to grips with nature and biodiversity risks

Actuaries are increasingly recognizing nature and biodiversity as integral to financial valuation of risk and as an emerging practice area.

Canada’s actuaries advise to include nature risk in climate risk frameworks

Michael Tencer, FCIA, explains the CIA’s new statement Integrating Nature in Climate Scenario Analysis for Enhanced Resilience.

Navigating the climate frontier – incorporating climate change into financial risk assessment

Actuaries and other professionals will be increasingly expected to incorporate climate change considerations into their work.

Climate Risk from the Canada Pension Plan’s Perspective

In a world marked by extreme weather events and climate uncertainties, understanding the financial landscape becomes crucial. Discover the Office of the Chief Actuary’s (OSFI) innovative approach to assessing climate-related risks and their potential impact on social programs.

Behind the Scenes at COP27 in Egypt

Have you ever wondered what happens at the Conference of the Parties (COP), the United Nations’ annual climate change summit? I was asked by the International Actuarial Association (IAA) to attend COP27 in Egypt in November 2022. Here’s what I learned.

Cities and the brown-ocean effect

The inter-related and combined influences of climate and cities – temperature, moisture, infrastructure, and ultimately people – on urban extreme weather events needs to be better understood. This is especially so as many cities adapt too slowly to keep pace with our changing climate.

Climate-related scenario analysis for Canadian financial institutions

Climate-related financial risks have emerged as some of the most important topics among risk professionals. While plenty of material has been produced to provide essential learning about the sources and definitions of climate-related risk, a practical climate-risk exercise focused on the Canadian financial system was notably absent. The 2021 Bank of Canada (BoC)/Office of the Superintendent of Financial Institutions (OSFI) climate scenario analysis pilot filled that void and took a big step forward in assessing systemic risk for Canadian financial institutions.

Will climate justice or climate finance dominate COP 27 in Sharm el-Sheikh, Egypt?

While climate-related physical risks for this decade and the next remain largely driven by past emissions, actuaries may need to consider their impact on decisions by investors and policymakers seeking to manage transition risks through adaptation or mitigation initiatives.

Canadian Institute of Actuaries supports scaling up climate scenario analysis

The Canadian Institute of Actuaries (CIA) is proud to give its support to the final report of the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada’s climate scenario analysis pilot, released in January 2022. The report, the first of its kind in Canada, assesses and discloses climate transition risk associated with six major financial institutions and contributes to the understanding of the potential exposure of the financial sector to this risk.