Climate Scorpion shares the latest IFoA research collaboration with climate scientists exploring the potential for extreme climate risks, their knock on social effects and actions we can take to manage them. In this session, we explore how the actuarial approach towards ruinous risks can be applied to climate change and explore the key findings from the paper, namely: 

• The rate of global warming accelerated in 2023 - There is early indication this is not temporary 

• Life in the tail - Increased warming is now driving more severe impacts across the planet 

• An overshoot of the 1.5°C temperature threshold is likely 

• The sting in the tail of the Earth’s climate sensitivity 

• Warming above 1.5°C is dangerous, increasing the risk of triggering multiple climate tipping points 

Speakers 

Sandy Trust M&G and Lucy Saye, Deloitte