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Climate change and resource scarcity may wipe out pensions industry

2013-01-18 12:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: How could actuarial professionals, tasked with risk management in the financial sector and beyond, have ignored the biggest risk humanity has ever faced? It's difficult to get one's head around, but the simple fact is that actuaries have so far failed to even begin to factor into their financial models the impacts of climate change and resource scarcity, apart from a narrow focus in some insurance products related to direct weather impacts. This is despite the fact that the issues have been known...

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