Climate models for actuarial projections
Project with JF B茅gin and Barbara Sanders
Actuaries increasingly find themselves needing to take climate risk into account as they assess future liabilities. Developing familiarity with climate models and using them effectively in actuarial projections will be indispensable skills for future professionals in the insurance and banking sectors. This research project seeks to deepen our understanding of climate models, evaluate the effects of climate change on financial risk, and explore their implications for decision-making. The student will be responsible for the following, among others:
- Familiarizing themselves with the literature on climate risk and climate change.
- Understanding the main climate models.
- Writing computer code to use the relevant climate models.
- Applying the models to realistic risk assessment scenarios.
- Documenting all work.