Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather-related claims are affecting the liability side. At the same time, there…
Rating agencies play an important role in providing insights into the financial risk of organisations around the world. Their ratings can have an impact on the cost of capital associated with the equity and debt issuances of our financial services sector. In late-2021, representatives from S&P Global were invited to present to the Actuaries Institute’s Climate Risk Working Group to advise how S&P look at climate risk in credit ratings, and how S&P validate climate change scenario analysis and TCFD reporting.
The Australian Actuaries Climate Index (AACI), commissioned by the Actuaries Institute, has been updated to include the data for Winter and Spring 2018.
Welcome to the first instalment of the Climate Change Blog, an article series that aims to cover news and events related to climate change and relevant to actuaries and the industries they advise. This month’s edition summarises news relating to transition risk.
Posted 19 March 2018
