Climate change and the GI actuary: IFoA Spring Seminar 2026
Alex Marcuson spoke for the IFoA's GI Climate Change Working Party on external models, climate exposure toolkits and the latest themes in climate litigation.
Alex Marcuson spoke at the Institute and Faculty of Actuaries' General Insurance Spring Seminar with Josie Durley, Lara Palmer and Konrad Farrugia, on behalf of the IFoA's General Insurance Climate Change Working Party.
The session covered the working party's support for general insurance actuaries as they navigate this complex and challenging area:
- External models: Lara outlined the questions actuaries need to ask about how consistently the external models insurers use address climate change.
- Exposure toolkits: Konrad described the approach the working party is following to build granular, business-aligned toolkits to probe firms' climate exposures.
- Climate litigation: Alex gave an update on current themes in climate litigation and the supporting scenarios the working party is developing to help actuaries with modelling and model validation.
- The workplan: Josie set out the wider working party workplan.
Good questions from the online audience gave an opportunity to discuss some of the thornier issues. Thanks to the GI Lifelong Learning committee for organising the seminar, and to Sheena Suchak for hosting the session.
Look out for the working party's podcasts, coming soon. And for more on what the new supervisory statement means for insurers, read Climate change readiness for insurers.
