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- How can we capture the tail dependency
between heat and mortality?
- How can climate scenarios be navigated
for ORSA purposes?
- How does global warming impact health
insurance claims?
- How to construct an investment portfolio
under climate constraints?
In our Climate Day on 19 June 2023
from 9:00 to 17:00 CEST, we are going to zoom into these topics
with our top speakers from the insurance industry and
science.
To begin with, we discuss processing of past climate data and
identification of relevant climate variables. We explore how
machine learning techniques can be used to enhance historical data
and to remove bias from the modelled climate results. We proceed by
showing how Extreme Value Theory can help us measure the tail
dependency between heat and mortality.
We continue by exploring the global risk landscape,
interdependencies and path dependence of current financing and
policy decisions around climate and sustainability more widely. We
discuss climate and transition scenarios and how to navigate these
for ORSA purposes.
Next, we analyse the impact of climate change on health insurance,
using a model calculation. For this purpose, the global warming
impact upon health insurance claims in Germany will be simulated
under different climate scenarios. Together with key macroeconomic
figures based on transition paths of climate scenarios, we will
model the impact upon the main KPI of a private health insurance
company in Germany and discuss which mitigating measures it can
consider.
We conclude the Climate Day on the asset side of the balance
sheet, where we discuss portfolio construction under climate risk
constraints. The first part of the talk is introductory, reviewing
the idea of portfolio temperature alignment metrics and the concept
of EU Paris-aligned Benchmarks (PABs). The second part is based on
recent research highlighting the necessity of uncertainty
quantification in temperature alignment metrics. In the third part
of the talk, we present practical approaches for climate
investing.
Join us on 19 June 2023 from 9:00 to 17:00 CEST and take part in
that special focus event by registering here.
We would be happy to welcome you online.
Are you interested in other topics? Please visit our website and find your suitable
events...
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