In this session we will discuss recent industry trends to incorporate climate risk into Own Risk and Solvency Assessments (ORSA).
We will discuss how climate scenarios, like those recently produced by the NGFS can provide the basis for modelling both transition and physical risk impacts on insurers’ investment portfolios.
While the NGFS scenarios may appear to cover a limited number of narratives, the total universe of possible outcomes is much larger when the underyling assumptions are considered as sources of uncertainties which could be critical to economic outcomes and in different financial markets.
-
SpeakersNick Jessop Senior Director - Research Moody's Analytics
Cassandra Hannibal FIA CERA Director-Research Moody's Analytics
Loading feed
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Dr Jessop is a financial economist and scenario modelling expert and leads a team of economists, quantitative analysts and financial engineers working on climate risk management solutions at Moody’s Analytics.
His work on climate risk modelling and financial valuations has helped organizations develop a better understanding of the risks and uncertainties associated with climate risk. His recent work has included developing a climate pathway application which a number of large institutional investors are using to assess their risk exposure to climate change. An astronomer and astrophysicist by training, Dr Jessop has 25 years of combined research experience in financial and scientific fields. He completed his PhD in 1998 and worked in observatories in Lisbon and Hawaii, where one of his responsibilities was monitoring water vapor levels above Mauna Kea. He also spent a year teaching science in Peru. In 2023, he completed a part-time masters programme in Ecological Economics, with a dissertation on the impacts of climate change on UK pensions investments.
Cassandra is a Director in Moody’s Analytics Insurance Research team, where she focuses on reporting, risk and capital analytics for insurance companies. Cassandra has many years of experience in the insurance industry from previous roles at PwC, Aviva and Partnership spanning audit, financial reporting, risk management, financial modelling, economic capital and Solvency II.
Cassandra joined Moody’s Analytics in 2017 and produced several papers on the challenges insurers may face implementing IFRS 17. Her most recent research is focussed on climate change risk for insurers.
Cassandra is a Fellow of the Institute & Faculty of Actuaries (FIA) and a Chartered Enterprise Risk Actuary (CERA). She holds a BSc in Mathematics and Economics from the London School of Economics.