Climate-related financial risks have emerged as some of the most important topics among risk professionals. While plenty of material has been produced to provide essential learning about the sources and definitions of climate-related risk, a practical climate-risk exercise focused on the Canadian financial system was notably absent. The 2021 Bank of Canada (BoC)/Office of the Superintendent of...
The Canadian Institute of Actuaries (CIA) is proud to give its support to the final report of the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada’s climate scenario analysis pilot, released in January 2022. The report, the first of its kind in Canada, assesses and discloses climate transition risk associated with six major financial institutions and...
What do risk managers see as the major risks confronting us in a not so far future? The 15th annual survey of emerging risks – sponsored by the CIA, Society of Actuaries, and Casualty Actuarial Society – provides insight into that question. Max Rudolph, FSA and author of the survey report, joins us to highlight the survey’s key findings.
Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers.
The ACI provides objective measures of specific and aggregate changes in climate extremes and sea level across Canada and the US and is based on an analysis of seasonal data from neutral, scientific sources for six index components collected since 1961.
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