Analysis

Briefing: Current climate models cutting no ice with actuaries

By Jon Guy 2023-07-05T07:01:00

Arctic ice melt

Source: WikiCommons

Models predicting the impacts of climate change could have limited utility for financial services firms in their current form, according to a recent report

By Jon Guy

Insurers have been warned that their risk models are failing to recognise the full impact of future climate change, with the current approach likened to that adopted by the owners of the Titanic.

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