Document Type : Research Article
Abstract
This work presents a recent study of environment, climate and climate change climate imbalance. When conducting this exercise, the actuarial profession must be aware of the fact that there are different views on the nature and extent of the risks even within the climate change science community, and the profession should be aware of these different views. Average temperature increase is just one predictor of wider changes that also turn into extreme temperatures, drought, floods, hurricanes, rising sea levels, food production impacts, and infectious diseases. This work provides some insight to these concerns, explaining some of the current and future risks involved, the potential impacts of these risks, and the efforts being made around the world to reduce these risks. Empowered by broader exposure to this information, actuaries can use their skills to measure these risks and provide advice to the different audiences that help to improve society as a whole's well-being. Failure to provide advice on these risks by the actuarial profession could harm its reputation.
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