The Climate Scenario Working Party’s engaging and interactive workshop is tailored to the needs of the general insurance market. Its aim is to collaboratively develop a new climate scenario that will serve as a valuable tool for informing business strategies within the insurance industry.

Throughout the workshop, we will provide a comprehensive overview of the practical applications of climate scenarios and highlight the benefits of scenario analysis.

Workshop agenda:

• establishing the scene with some high-level information and probing questions to delve into the complex challenges faced by life insurers
• providing a scaffold to structure the scenario and define its boundaries
• collaboratively determining the problem statement and identifying the specific areas of general insurance impacted by climate risk
• exploring the potential impacts of climate risk on various types of general insurance business, differentiating between physical, transition and litigation risks

The workshop promises to be an insightful and interactive session, offering participants the opportunity to steer the development of a scenario and explore the potential impacts of climate risk on the insurance industry.

We look forward to engaging with our audience in this collaborative exercise, ultimately contributing to enhanced strategic planning and risk management within the general insurance market.

Target audience and assumed knowledge level: No specialist knowledge required.

Speaker and company: 

Juweena Appanah, Crowe LLP
Dhruv Gavde, University of Kent