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Climate Change and Biodiversity Loss

In: A Risky Business

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  • Catrin Townsend

Abstract

The main assumption that lies behind almost all actuarial work is that the past is a good guide to the future. Imagine the challenge to actuaries then if that assumption is almost certainly false! Natural catastrophes are increasing in both frequency and severity due to climate changeClimate change, and this is not only a problem for general insurers but also for life and health insurers. An actuary’s role in the climate emergency is not just as a passive data-gatherer, who models and reacts to the unfolding disaster. There are lots of roles where an actuary must act as a leader on this topic. Here, I have listed just a few specific activities where an actuary adds value. There are two vital skills required: the ability to quantify risk, and the ability to communicate it. Fortunately, actuaries can do both, and so an increasing number and variety of roles are now open to those with an actuarial background.

Suggested Citation

  • Catrin Townsend, 2022. "Climate Change and Biodiversity Loss," Springer Books, in: A Risky Business, chapter 0, pages 313-323, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-11673-5_15
    DOI: 10.1007/978-3-031-11673-5_15
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