Insurance Industry Powers Climate Change Mitigation Efforts

Actuaries forge new path for life and health insurers to quantify climate risk – Moonstone Information Refinery

South African life and health actuaries are starting to assess the potential long-term impact of climate change on the health and well-being of policyholders and what this could mean for the claims experience of life and health insurers. Pamela Hellig, a life insurance actuary and member of the Actuarial Society of South Africa (ASSA), says although the short-term insurance industry is already experiencing the impact of extreme weather events su…

Insurance Industry Powers Climate Change Mitigation Efforts

As climate change accelerates, the financial fabric of the homeowners’ insurance industry in the United States faces unprecedented stress and transformation. Recent groundbreaking empirical research sheds light on the intricate dynamics between escalating hurricane damages—attributed to climate change—and the stability of the primary homeowners’ insurance market. This study, the first to rigorously quantify these complex interactions and their f…