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Climate Change Scenario Analysis for Financial Institutions - Practitioners Guide & Best Practices

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Description

PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR.
DUE TO HIGH VOLUME OF DEMAND, WE ARE ONLY ABLE TO GUARANTEE A SEAT TO THOSE WHO REGISTER 48 HOURS AHEAD OF THE WEBINAR TIME.

An analysis of the impact of climate change on financial institution solvency, profitability, and other key performance metrics is, or is likely to 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. This session will first provide an overview of the emerging regulatory landscape for insurers as it relates to the disclosure of climate risk. The session will then explore 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.

Learning Objectives:

  1. Develop an understanding of regulatory requirements for climate risk disclosure across the world.
  2. Identify and develop awareness of industry standard climate ‘pathways’ to consider within climate risk scenario modeling.
  3. Develop understanding of key variables to consider within climate scenario analysis including decarbonization, asset mix, time horizon, & KPIs.

Registration Information and Fees

PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR

Registration Fees (in U.S. Dollars) Received on/by
Feb 2, 2023
Received after
Feb 2, 2023
Individual $50 $75
Multiple Connections**
(Unlimited internet connections for individuals working for the same company. Please note that audio for this presentation will be streamed via the web)
$600 $650

*Multiple Connection Registrations should contact Leanne Wieczorek directly at 
lwieczorek@casact.orgThe registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.

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Your registration entitles you to access CAS’ webinar programs for which you have registered. By registering to attend the webinars, you agree not to sell, transfer, or otherwise share your webinar access link and/or code unless such sharing is authorized by CAS. You further agree not to record or broadcast CAS’ webinar programs without advance written authorization by CAS.

Cancellations/Refunds
Registrations fees will be refunded for cancellations received in writing through email, refund@casact.org, by February 9, 2023 less a $25 processing fee.

CAS Continuing Education Policy
The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide Actuarial Services. Actuarial Services are defined in the CAS Code of Professional Conduct as “professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations.” Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy please visit the CAS web site.

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Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time, not to include breaks and/or lunch. *The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.

Contributors

  • Joshua Rosenheck

    Joshua is a Manager in PwC's Risk Modelling Services group where he works in the Sustainability and Climate Risk space.

    Joshua’s recent experience has primarily focused on quantifying climate-related risks through scenario analysis, including both physical and transition risks. Working across products, operations, and investment portfolios, Joshua has leveraged his modeling background to assess a variety of risks and opportunities throughout the value chain. Joshua has worked with clients in the insurance, banking, energy, telecommunications, and manufacturing sectors to quantify the financial impacts of their climate-related risks and opportunities and to summarize those results for various disclosures, including CDP responses, TCFD reports, and other sustainability reports.

    Joshua holds a Bachelor of Arts in Mathematics from Binghamton University.

  • Paige Fox

    Paige is a Senior Manager in the Risk Modeling Services practice at PwC with over 9 years of quantitative risk modeling and model validation experience. Paige supports PwC’s Sustainability practice, where she focuses on climate change disclosure and modeling as well as related risk management and risk mitigation strategies.

    Paige has worked on many climate risk projects for clients across a wide range of sectors and lines of service. Her work has focused on aiding in the implementation of TCFD-aligned processes across the company to align climate reporting across emerging regulatory requirements with strategic and sustainability goals. In particular, this includes leveraging her highly analytical background in performing quantitative physical and transition risk scenario modeling across climate-related risks and opportunities impacting varying industries.

    Paige has a Bachelors of Science degree in Mathematics from the George Washington University, Washington, DC. She is a Fellow of the Casualty Actuarial Society and Member of the American Academy of Actuaries

  • Adam Kallin

    Adam is a Director in PwC’s Climate Risk Modeling practice. He has more than 12 years of experience, and has most recently focused on helping financial and non-financial institutions identify and quantify the financial impact of material climate-related risks and opportunities facing their business. He additionally has focused on helping financial services companies develop an asset portfolio carbon footprint and set and understand decarbonization pathways.

    Adam’s recent experience includes leading a number of engagements to identify and quantify climate-related transition risks and opportunities through the use of scenario analysis and custom-built models. His projects have included quantifying the impact of global energy supply and demand on company revenue, scope 2 emissions minimization assessments, quantifying long-term financial damages to real assets driven by acute and chronic weather events, and assessing the impact of the implementation of a global carbon tax. He has further helped his clients in summarizing the results of such modeling into CDP, TCFD, and other sustainability reporting disclosures.

    Adam has a bachelor’s degree in finance from the University of Florida and is a Fellow of the Casualty Actuarial Society

February 16, 2023
Thu 12:00 PM EST

Duration 1H 30M

This live web event has ended.

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