​Climate change hot topic at actuary conference

​Climate change hot topic at actuary conference | Insurance Business

​Climate change hot topic at actuary conference
Climate change, big data and risk management are among the many topics being examined at the biennial conference for the New Zealand Society of Actuaries kicking off in Dunedin today.

The four-day summit, which has been dubbed Brave New World, has a programme full of topics selected to represent the current trends and potential challenges facing New Zealand’s actuaries.

Dr Andy Reisinger, from the New Zealand Climate Change Centre, has been invited to share insights from the recent intergovernmental panel on climate change and the specific findings for New Zealand.

Another presentation on how climate change will impact New Zealand intends to be a wake-up call for the profession and insurance industry generally and will suggest ways in which actuaries can make a difference.

Many of the Society’s 300-plus members work for insurance companies in reserving, pricing and appointed actuary roles, says current president Paul Rhodes.

“As a profession, we specialise in assessing the financial impact in an uncertain environment. 

“Technology advances, increased awareness of risk and more extreme natural hazard events have changed the environment we operate in,” he said.

“It is important for us to explore new areas where actuaries can help insurers and other businesses add value through modelling, analytics and professional advice.”
 
 
The New Zealand Society of Actuaries is meeting in Dunedin this week to discuss Big Data, Risk Management and Climate Change.

The discussions are part of the Society’s biennial conference, titled Brave New World.  The topics are selected to represent the current trends and potential challenges for actuaries.

The Society is a professional body representing practising actuaries in New Zealand and has over 300 members.  Many of those members work for insurance companies in reserving, pricing and Appointed Actuary roles.

“As a profession, we specialise in assessing the financial impact in an uncertain environment.  Technology advances, increased awareness of risk and more extreme natural hazard events have changed the environment we operate in” said Paul Rhodes, the Society’s current President.

“It is important for us to explore new areas where actuaries can help insurers and other businesses add value through modelling, analytics and professional advice.”