Earth, Wind and Fire – Finding and Using Climate Data

Climate data is everywhere. Accessible climate data for actuarial modeling, not so much.Building on the American Academy of Actuaries’ paper "Climate Data: Actuarial Perspectives on Quality, Challenges, and Effective Risk Quantification", this webinar explores the current landscape of climate data through the lens of various actuarial practice areas.The presentation highlights significant issues regarding data quality and availability, specifically addressing blind spots such as the reporting lag bias in Property & Casualty loss data and the complexity of attributing Life and Health experience to climate changes or weather events. By identifying these cross-practice data gaps, the discussion focuses on potential approaches for improving data accessibility, integration, and usability to support future pricing, reserving, and effective risk quantification.Speakers:Peter Ott has been in the insurance and reinsurance industry since 2012 and currently serves as a Director at Howden Re. He is Vice-Chairperson of the Climate Change Joint Committee and Chairperson of the Actuaries Climate Index Work Group of the American Academy of Actuaries.Daniel Pribe is a seasoned actuary with over 35 years of experience in the healthcare sector and founder of Iris-Edge. He is a member of the Society of Actuaries Board of Directors and a Fellow of the Society of Actuaries. Moderator:Marc Slutzky is an actuary with more than 50 years of experience and a Board Member of IACA. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a Chartered Enterprise Risk Analyst.