It’s been three months since the Australian Prudential Regulation Authority (APRA) released their Information Paper - Climate Change: Awareness to action. We’ve checked in with Geoff Summerhayes from APRA to chat about the findings and actions from the Paper.
The Royal Commission has brought about a permanent change in the political environment and customers trust in financial institutions. Corporations now face significant risk if their business practices fail to live up to community expectations. Actuaries have a crucial role in managing that risk.
Devastating heatwaves, bushfires, drought and floods result in the Summer of 2018/19 update of the Australian Actuaries Climate Index (AACI) reaching record high levels.
Matthew Rose, Justin Ward and Victor Hai discuss how the structure of perpetual treaties in the traditional life reinsurance model may reduce alignment between the insurer and reinsurer, to the insurer's detriment.
