Climate change is affecting how risks are underwritten, priced, managed and reported globally, whether for general insurance, life insurance, pensions, other financial institutions, and social security.
This is one of the key messages in a paper ‘Climate Change Matters’ published by the Society of Actuaries in Ireland on Monday Oct 24th.
The Society aims to contribute to the work of Government and other institutions in transitioning to climate neutrality through an orderly, policy-driven and just approach - that is, one that seeks to ensure that the substantial benefits are shared widely while also supporting those who stand to lose economically.
In the paper, we affirm our commitment to interdisciplinary learning, cooperation and action, with a view to helping to secure a sustainable future for everyone.
As part of this, we are delighted to announce that we are the first professional body in Ireland to have joined the Professional Bodies Climate Action Charter. We support its ambition to develop a unified voice for professionals, recognising that climate change is a complex and multidisciplinary issue requiring the transformation of infrastructures governed by multiple professions.
Following on from publication of our paper ‘Climate Change Matters’, Aisling Kennedy, member of our Sustainability & Climate Change Steering Group, had a very interesting conversation with Pat Kenny on Newstalk.
To listen to Aisling Kennedy and Pat Kenny in conversation, click here.