In this article Louise Pryor, Roelof Coertze and Tim den Dekker overhear a surprising conversation implying that we are more worried about the solvency of our insurers than about the safety of our planet.
Continue reading “Is our planet as safe as an insurer?”Tag: actuarial concepts
Sharing remaining carbon emissions: what is fair?
By Louise Pryor
In order to meet the net zero goal that supports the Paris Agreement, global emissions will have to be drastically reduced over the coming years. In fact there is a limit on the remaining amount of emissions that the atmosphere can absorb before the global temperature rise will move above the agreed bounds – this limit is the remaining carbon budget. Global emissions will have to be cut drastically to stay within the budge. The question that this paper considers is how the remaining carbon budget should be allocated, and what might be considered “fair” in this context.
Continue reading “Sharing remaining carbon emissions: what is fair?”Applying insurance solvency skills to climate solvency: How actuaries can step up to the climate emergency
In this article, Tim den Dekker proposes how actuaries should use their unique skills to help tackle the climate emergency. Strong conceptual parallels can be drawn between existing accounting and actuarial concepts in managing risk in the insurance industry and those required to do the same for the global climate. These close conceptual parallels point to a clear opportunity for actuaries — who already oversee and sign-off many aspects relating to the solvency management of insurance companies as a core competency — to be suitably up-skilled take on a central role in the solvency management of the global climate.
Continue reading “Applying insurance solvency skills to climate solvency: How actuaries can step up to the climate emergency”