Managing Climate Risks: Financial Alternatives and Infrastructure
Panel: 4:00 – 5:00 pm
Networking and light refreshments: 5:00 – 6:00 pm
This event will be simulcast. If joining us virtually, an access link will be provided 24 hours in advance.
Much of the current discussion of climate risk focuses on large-scale strategic change and public policy. However, the effects of climate change are already being seen today in essential sectors of the financial markets. Insurance and reinsurance companies are at the forefront of managing these risks, and if the insurance markets break down, it will have significant consequences for real estate and municipal financing.
Insurance companies don’t only protect against catastrophic events. They also provide income-smoothing products to enable companies to mitigate exposures to increasingly volatile seasonal weather events.
Our panel, from two of the world’s largest reinsurance companies and a prominent independent think tank, will talk about the impact of climate change on the insurance markets and its knock-on effects in the financial markets, how communities can make themselves more resilient and better able to finance themselves, and how insurance derivatives can be used to measure non-catastrophic events such as extreme heat waves and deep freezes.
Moderator:
- Adam Litke, Part-Time Lecturer, Enterprise Risk Management; Chief Operating Officer, Pillar Life Insurance
Panelists:
- Edward Boyanoski, Head of Property Underwriting - Global Specialty Insurance, Munich Re
- Rachel Halfaker, Associate Director, Milken Institute
- Rishu Ranjan, Global Head Weather & ECM, Swiss Re Corporate Solutions
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