UNSW Workshop on Risk and Actuarial Frontiers
Climate Risk and Insurance
The “UNSW Workshop on Risk and Actuarial Frontiers: Climate Risk and Insurance†brought together UNSW experts and industry thought leaders to discuss the role of insurance and actuarial science in addressing climate risks. The workshop was hosted by the School of Risk and Actuarial Studies at UNSW in collaboration with the UNSW Innovations in Risk, Insurance and Superannuation (IRIS) Knowledge Hub and the UNSW Institute for Climate Risk & Response. The workshop addressed key issues such as climate risk projections, impact analysis, risk mitigation, insurance pricing, and insurance affordability.  
 The workshop featured short industry and research presentations, discussions, and networking opportunities for the 130 participants.
Session 1: Understanding climate risk
Moderator: , School of Risk and Actuarial Studies (RAS), UNSW Business School
Speakers:
(UNSW ICRR), “Climate endgame? (how) do people understand projections about future climate change?â€Â
(Commonwealth Bank), “Financial Risks of Climate Change: Piranhas or Red Herrings?â€
(UNSW ICRR), “The Importance of External Weather Effects in Projecting the Economic Impacts of Climate Changeâ€Â
+ Eugenia Fang (RAS), “Understanding compound weather and climate events through the lens of systemic financial crisesâ€Â
(Allianz), “Climate change implications for financial risk management / scenario analysis and APRA's CPG 229â€Â
Session 2: Insurance affordability  Â
Moderator: , School of Risk and Actuarial Studies (RAS), UNSW Business SchoolÂ
Speakers:
(UNSW Political Philosophy), “Justice and disaster insuranceâ€
(Finity) “Home insurance affordabilityâ€
(Swiss Re), “Natural disaster risk and insurance affordabilityâ€
(RAS), “Cyclone reinsurance poolâ€
(RAS), “Fairness-welfare analysis: A framework for ethical decision-makingâ€
Session 3: Pricing for climate risk in financial institutions
Moderator: , School of Risk and Actuarial Studies (RAS), UNSW Business School
Speakers:
(Suncorp), “Pricing for natural perils in general insuranceâ€
(IAG), “Pricing hailstorms in general insuranceâ€
Matteo Malavasi (RAS), “Real option approach to flood risk managementâ€
(RAS), “Dependence modelling for natural catastrophesâ€
(IFM), “Pricing and modelling transition riskâ€
(RAS), “Green bond pricingâ€Â
(RAS), “Challenges in electricity price modelling due to climate changeâ€
