In the face of emerging disclosure standards and escalating risks associated with reputation and climate-related litigation, insurers must advance their risk management practices to become both climate-conditioned and ESG aware.
Join us for an engaging discussion centred on these key topics. Gain first-hand insights from leading industry experts on the current landscape and the necessary changes insurers need to make.
Our discussion will cover:
- The critical role of the ORSA in helping insurers navigate new disclosures and ESG-C risks
- Innovative ways insurers can modify their working practices through the ORSA to meet disclosure standards
- The primary challenges insurers are currently facing
- A focused exploration of climate scenarios - particularly the short-term stresses emerging from long-term scenarios – to enhance understanding of material risks
The panel discussion will conclude with a Q&A session, allowing you to interact directly with our experts. We look forward to your valuable participation in this informative session.
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SpeakersSalman Siddiqui Senior Director - Industry Practice Lead Moody's Analytics
Maryam Golnaraghi Director Climate Change and Environment The Geneva Association
Wendy Walford Head of Nature & Climate Risk Legal & General
Nick Jessop Senior Director - Research Moody's Analytics
Sebastien Lecorrs Head of ALM & Financial studies MAIF
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Mr Salman Siddiqui is the insurance practice lead at Moody’s Analytics (MA), where he covers a wide variety of topics affecting insurers across the EMEA region. This includes ESG and carbon accounting for insurers, IFRS 17, cyber, data driven underwriting etc.
Mr Salman joined MA in 2020 from AM Best Ratings Europe, where he was responsible for insurance financial strength ratings across the EMEA region.
Over the last 25 years, as a pioneer and a passionate thought-leader in the field of climate change adaptation and mitigation, Maryam’s career has focused on designing, leading, influencing and stewarding transformative initiatives, to develop sustainable solutions to expedite and scale up transitioning to a climate resilient and decarbonized economy. In 2020, Maryam was included on the list of 20 ‘Most Influential on Climate Change’ by InsuranceERM and among the top 100 influencers in the world on ‘Resilience’ by The Leaders’ Magazine.
Since 2015, Maryam is the Director of Climate Change and Environment at The Geneva Association, the strategic international think tank of the insurance industry, working with CEOs of 80 largest re/insurance companies, globally. She is leading strategic initiatives with cross-sectoral partnerships to boost the insurance industry’s contributions as risk managers and institutional investors by innovating and implementing concrete solutions to enable climate resilience and transitioning to a low carbon economy.
Leading the Insurance Industry Task Force on Climate Change Risk Assessment (2020 -2022), Maryam enabled the development of guidelines for building climate risk assessment capacities with a holistic approach to support core decision-making. As a leading international expert on methodologies for forward-looking climate risk analytics, she helped shape financial regulatory requirements for climate risk reporting and published the first report of its kind on sources and implications of climate litigation. Maryam’s latest initiative is mobilizing leading insurance companies, with the US Department of Energy, and stakeholders in industrial, financial and technology sectors to innovative risk management solutions to mobilize private capital for viable climate tech projects for industrial decarbonization and expedite market adoption. Among other issues, she is tackling the challenges with long-term insurability of extreme weather events.
From 2004 to 2014 Maryam served as the Chief of Disaster Risk Reduction at the United Nations’ World Meteorological Organization, where she led climate and disaster risk management capacity development projects in over 40 countries. In 1997, she founded and served as the CEO of Climate Risk Solutions, Inc., the first research and advisory firm, to deliver advanced climate risk analytics and management solutions to private and public sectors.
Maryam mentors climate tech start up, is a non-executive corporate board member and serves on advisory committees of several governments, universities, and multi-lateral organizations. She has authored numerous internationally referenced reports on climate change and a book on Multi-Hazard Early Warning Systems. Her work is regularly featured by media and professional platforms.
Maryam received a Ph.D. in Physical Oceanography and a M.Sc. in Applied Physics from Harvard University, and a B.Sc. in Chemical Engineering from Cornell University. She was a senior research fellow at Harvard Business School.
Wendy Walford is Head of Nature and Climate Risk for Legal & General, a UK based financial services provider. Legal and General is a global provider of retirement solutions to corporates and individuals, and our skills lie in asset management and origination, longevity risk and technological innovation.
As Head of nature and climate risk for the Group, Wendy supports the delivery of the group’s goals and commitments, with a specific responsibility for the development of the group wider risk management framework to support inclusion of the financial risks from climate change. Her role also spans the Group’s strategic response to Climate risk, the governance framework, and the metrics and targets.
Wendy brings significant experience of application of actuarial techniques in climate related issues, alongside over 15 years of post-qualified experience of working in life insurance. She is also a member of the IFoA sustainability Board, where she is co-lead for policy and regulation.
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.
Sebastien leads the ALM team for MAIF Group with responsibility for both P&C and Life insurance companies.
Before joining MAIF Group in November 2020, he worked as head of ALM and Investment Products for 8 years for Allianz France where he develops strong knowledge of ALM models. His experience is strongly oriented towards finance with many roles both on buy side and sell side at AXA, Natixis capital market and Societe Generale.
He is also currently part of a mission led real estate company.
Sebastien holds a master’s degree in financial mathematics from Toulouse School of Economics in France.