On some climate change impacts and sustainability issues in insurance
30 Jul 2024
10.30 AM - 12.00 PM
Current Students, Industry/Academic Partners
Tuesday, 30 July 2024
10:30 AM – 12:00 PM
Venue: Gaia Lecture Theatre 5 (#ABS-02-LT5)
Chairperson: Asst Prof Jinggong Zhang
Abstract
In this talk, we describe some uncertain impacts of climate change in insurance.
We describe how classical quantitative risk management indicators behave differently in presence of climate change.
We explain how supervisors approach this topic and determine desirable characteristics of climate change scenarios in insurance.
We conclude with a risk monitoring problem and discuss risk management solutions as well as broader sustainability issues.
About the Speaker
Stéphane Loisel holds a PhD in applied mathematics from University of Lyon, a MSc in actuarial science and finance, and is a fellow and former member of the board of the Institut des Actuaires. He is now professor at CNAM in Paris, in charge of the chair in Actuarial Science and Science of Risk, and a member of Lirsa. He was previously full professor and head of LSAF research lab at ISFA, Université Lyon 1. He was visiting professor at ORIE, Cornell University in 2014 and has been lecturing for several years in Sorbonne Université, ENSAE and U. of Lausanne.
Associate Editor of IME, MCAP, Risks and co-editor of EAJ, Stéphane's main research interests include climate change and insurance, ruin theory with dependent risks, Solvency II, regulation and ERM, as well as longevity risk and customer behaviour in insurance. He is the PI of an AXA Joint Research Initiative on longevity risk and of the research chair Sustainable actuarial science and climate risks sponsored by Milliman Paris. He received the SCOR PhD award in 2005, the Lloyd's Science of Risk runner-up prize in 2011, the Hachemeister prize in 2013 and the Bob Alting von Geusau Award in 2022. A Certified Enterprise Risk Analyst, Stéphane is also the scientific director of the French CERA program. Stéphane is a former board member of the French Actuarial Association and a board member of Insurem.