Description: How is extreme weather impacting you? If you live in California, you may have been impacted by the atmospheric rivers unleashing record-breaking rain and snow last winter. If you live in Canada or near Canada, you may have been impacted by the wildfires raging last spring. NASA has declared that the summer of 2023 was the hottest on record. Americans are noticing these changes. In a survey conducted by the Society of Actuaries (SOA) Research Institute, the majority of Americans have reported that extreme weather events-including hurricanes, tornadoes, heatwaves, wildfires, and flooding-have had negative impacts on their health (53%), property (51%), communities (58%) and feelings of general safety (65%). In this session, the presenters will discuss the science behind climate change and the associated risk. At the end of this session, participants will be able to: - Define key terms relating to climate change - Describe the causes of climate change - Describe the impact of climate change our ecosystem, property, and population health. - Describe the impact of climate change on the day-to-day work of actuaries

Description: Discuss a comparison of the U.S. general and insured population mortality experience and how COVID-19 and non-COVID-19 excess deaths impacted the populations differently. Discover the population mortality experience in the UK with a focus on the recent emergence of excess deaths for non-COVID causes. The long-term implications on the insured population will also be explored. Wrap up with a discussion of different conditions of long COVID, including organ impairments.

Description: The Task Force for Climate Related Financial Disclosures (TCFD) guidance has become the basis for the majority of climate related disclosure requirements, both in the US and around the world. Climate Risk management practices and disclosures are evolving rapidly and companies are at a wide array of stages on the journey to begin addressing climate risk. Actuaries can play a central role in helping understand and manage climate-related risks, but how do you get started?

Description: The topics of ESG (Environmental, Social & Corporate Governance) and sustainability are an increasing area of focus for insurance companies, and thus actuaries. This webcast provides a primer on these topics along with considerations for US valuation actuaries and their evolution in European insurance markets.

Description: June and July 2023 were the warmest months on record, both on land and ocean, and July was likely the hottest month since global record keeping started in 1850. This session will delve into emerging data showing the impact of climate change on healthcare. Through data, attendees will learn about the direct impact of climate change on the risk of disease burden of populations, and the indirect impact on access to healthcare.

Description: Environmental, Social, and Governance ('ESG') frameworks have been evolving over the last several decades in industries across the globe. The Life and Annuity insurance industry has traditionally not been viewed to be largely impacted by various ESG requirements and frameworks, but as these mature and evolve, L&A carriers need to understand potential implications on their industry.This panel discussion will focus on how experiences in other industries can inform impacts and solutions to the L&A industry.

Description: Bringing together industry experts spanning investment management and property/casualty insurance, this panel discussion will take the audience beyond spelling ESG correctly and will share their insights about what Environmental Social Governance is.

Description: The NAIC is in the middle of their GOES (generator of economic scenarios) project to change the real-world economic scenario generator (ESG) prescribed for principle-based reserve and capital calculations.

Description: This session aims to put everything together and explore progress on company’s ERM process to incorporate climate risks and enterprises’ attempt to provide sustainability information to audiences in need. We will discuss the latest development in international standard on sustainability disclosure. We will diagnose the challenges on implementation and effort to resolve them. We will compare the requirements and latest development across different jurisdictions and possible cross learning among them. To conclude, we will land on what opportunities present to the actuarial community! At the end of this session, participants will be able to: • Discover requirements on sustainability reporting standards across different jurisdictions • Appreciate the challenges and progress to integrate climate risks in company’s ERM approaches • Comprehend actuaries’ opportunities and responsibilities to contribute

Description: Climate change is a risk that all sectors are facing, and both regulators and investors are expecting more disclosure around the ways in which companies are handling climate risk. The Task Force on Climate-related Financial Disclosure (TCFD) framework provides a way to disclose climate-related risks and management structure of these risks. Come learn about the leading framework for climate disclosures for insurers, with many of the framework's principles being used within the updated NAIC climate risk survey and SEC climate regulation. Take a deep dive into the TCFD framework and how it can best be used by life insurers, focused around the SOA sponsored research 'TCFD Best Practices'. Check out the current progress of the TCFD within the insurance sector, best practices of the framework, approaches that are currently taken to satisfy the framework, and how current insurers are using the framework within their business.