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X-WR-CALDESC:Veranstaltungen für AKTUARVEREINIGUNG ÖSTERREICHS (AVÖ)
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DTSTART;TZID=Europe/Vienna:20210512T090000
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CREATED:20210126T124817Z
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SUMMARY:EAA Web Session: Climate Day
DESCRIPTION:While the actuarial community works on developing new ways to measure the economic impact of the risk posed by global warming\, it is exceedingly important for Actuaries to gain an understanding of the underlying science of climate change. Having discussed the basics of climate science in a dedicated web session in Q4 2020\, we are now going to move from climate science to climate models and then focus onto insurance-specific requirements and applications. \nTo begin with\, we show how laws of physics and chemistry can help us build practical climate models dealing with glaciers\, rising water level etc. Models discussed in this intro lecture not being actuarial\, we already recognize a few links to the world of insurance. \nNext\, we zoom into the insurance context by embarking on a journey through various relevant national and European regulatory requirements. In particular\, we examine how insurance companies can take global warming into consideration in their ORSA. \nHaving discussed several requirements insurers need to comply with\, we move on by considering climate change as a unique investment opportunity. After an overview of Net Zero financing needs and key transition drivers\, we look into green finance and investment examples covering equity\, bonds and alternative asset classes. \nFinally\, we discuss equity release mortgages\, which are very long-term loans popular in several markets such as the UK\, and examine how global warming could impact them over decades of their lifespan through numerous market and insurance risks. \nRegistration deadline: 10 May 2021
URL:https://avoe.at/event/eaa-web-session-climate-day/
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