Keep up with what’s been happening this week in our latest actuary news round-up…
FRC announces major review of how climate risk is reported
The Financial Reporting Council (FRC) which regulates actuaries, auditors and accountants has announced that it would review how companies and auditors assess and report on the impact of climate change. This is to determine the quality of climate risk reporting from a sample of company documents.
Zurich has teamed up with cyber security company CYE to offer businesses the help to define and deploy effective cyber-risk management programs; which will help shield businesses against the growing risks of cyber attacks.
CNA Financial has declared the retirement of its executive vice-president and chief actuary, Larry Haefner, who will retire by the end of the year. In light of Haefner’s retirement the company has names Robert Hopper to take on Haefner’s role and he will be in charge of leading CAN’s reserving, pricing, and other actuarial activities of the company across the globe.
The Pensions and Lifetime Saving Association (PLSA) has said in its updated Stewardship Guide and Voting Guidelines that pension fund investors must be prepared to hold the companies in which they invest accountable on how well they manage climate change risks.
PMI launch accreditation programme
The Pensions Management Institute (PMI) have announced the launch of APTitude ‘Accreditation for Professional Trustees’; the accreditation programme which was designed to build credibility and raise governance standards across the pensions industry.
Willis Towers Watson has launched a new report that takes a critical look at the renewable energy market, noting that the industry is facing “several new realities” at the beginning of the decade.
Global reinsurer TransRe has partnered with energy firm InsurTech firm, Allphins, to create data analytics platform for offshore energy reinsurance business.
Pension scheme trustees are failing to comply with their investment duties on climate change, according to a new report.