Description: View the Exhibits - Hurricane Ian Data, 09262022 to 09292022(Excel file).

Description: The Society of Actuaries (SOA) Research Institute commissioned a study to understand how insurers are responding to the framework used for climate disclosure practices, attempting to identify current practice and best and emerging practice. Used by firms to ensure they manage climate risk appropriately, the framework from the Task Force on Climate-related Financial Disclosures (TCFD) focuses on disclosure of governance, risk management, strategy, and metrics.

Description: This report highlights three major weather stories that unfolded across the month of August.

Description: Crop insurance plays an important role in mitigating food production disasters and keeping a robust food production system in the United States. Crop insurance increases stability in food and fiber production, smoothing variability which would otherwise occur because of weather patterns and changes in international trade regulations and markets. Stability increases the ability of farmers to make long-term investments that increase production efficiency and keep productive land in agriculture.

Description: "Direct medical costs for cancer care topped $209 billion nationally in 2020, accounting for a significant proportion of all health care expenditures in the U.S. Indirect costs are also significant, encompassing loss of productivity, wages, leisure time and decreased quality of life. The way cancer programs deliver and are reimbursed for care is rapidly changing. As the cost of cancer care continues to rise, several new value-based care programs - both public and private - have attempted to curb these rising costs. Learn about the current landscape of VBC oncology programs, several key challenges and opportunities with oncology analytics, as well as anticipated evolution of cancer care in the near future. Topics include: Current VBC oncology landscape, including a more detailed discussion on CMS' latest oncology program, Enhancing Oncology Model (EOM) Discussion on current challenges and opportunities with oncology analytics, including some advanced methodologies that have been developed based on documented clinical pathways to better understand cost drivers Future state of oncology care including emerging pharmaceuticals and novel therapies, personalized care regimens, and other clinical innovations"

Description: Have you been impacted by a wildfire? A flood, maybe? If so, you know that climate change may impact on our health, our property, and, sometimes, our very lives. But do you know how it impacts your day-to-work? In this webinar, the speaker describes key climate risks actuaries need to be aware of and discusses available SOA research on climate change.

Description: For insurers to preserve and create value, they must understand their exposure to carbon and climate risks and develop decarbonization strategies. Transition plans facilitate this by encouraging organizational thinking and disclosure to the market. 2023 is a crucial year for progress on these initiatives amid evolving regulatory expectations. This session will provide an overview of the transition planning process, value creation and drivers identification, and how to incorporate these into transition and resiliency strategies. As part of climate risk mitigation strategies during transition and beyond, we will present a data and technology framework for insurers to more effectively manage climate risk. In particular, we will discuss dynamic climate risk management (DCRM) solutions which use data and technology to inform adaptation and resilience. Emerging technologies such as AI, IoT, and blockchain can also help insurers manage risks related to climate change more effectively. By attending the session, attendees will learn how to develop transition plans, adopt DCRM solutions and leverage emerging technologies to build resilience against the challenges caused by climate change.

Description: A call for project proposals to study the impacts of climate-induced migration on various areas which can influence the delivery of services and availability of insurance coverages.

Description: 2023 looks to already be the costliest year for insured severe thunderstorm damage in the U.S. surpassing the 2020 record of $44 billion, by August, and may very well surpass $50 billion for the full year. In addition to property damage, severe storms and hail have led to fatalities in the U.S. and the risks to populations in vulnerable structures seems to be worsening.

Description: Join us for an analysis of the impact of climate change on financial institution solvency, profitability, and how other key performance metrics are, or likely will be, required by financial regulators in most major economies in the very near future. Regulators are signaling that such impacts should be assessed through the use of scenario analysis, both qualitatively and quantitatively. Explore an overview of the emerging regulatory landscape for insurers as it relates to the disclosure of climate risk. After that, check out the mechanics and current best practices that actuaries and risk modelers may use in performing qualitative and quantitative climate risk scenario analyses, covering both physical and transition risks.