Climate Change Risk for Insurers

Matthew Francis, ACA, KPMG 

Tom Filipinski, FIA, KPMG

Life Conference 2019

1. What are climate-related financial risks? 

2. How has insurance regulation reflected climate change risks to date? 

– What developments have occurred at European level? 

3. What must UK insurers to do respond to SS3/19? 

– Who is responsible for climate change?

 – What does a climate change plan look like? 

– How does the time horizon for climate change risks differ from that current practice? –

 What challenges for life insurers in developing appropriate scenarios for stress testing?

 – What factors should a life actuary be aware of when considering climate change risk management? 

– How are insurers currently disclosing climate change risks in public reports?