With our guest Sandy Trust, a distinguished actuary in the UK who sits on the council of of the IFOA based in the UK, we continue the conversation about the intersection of climate change and risk management.In this episode, we cover, The Flawed Methodologies in Climate Risk Assessment-The Problem with Historical Data-The Danger of Peer-Reviewed Misinterpretations-Psychological and Communication Barriers-The Importance of Updated Models-Historical Context and Lessons LearnedFurther reading:2022 - Tipping points with Sir David King (CCAG) – climate change is a risk mgt problem, tipping points change everything2023 - Emperor’s New Scenarios with Tim Lenton (Exeter) – climate change scenario analysis is understating risk, we need to work backwards from ruin2024 - Climate Scorpion – the sting is in the tail with Tim Lenton (Exeter) – warming is accelerating, and the climate may be much more sensitive than we think to GHGs
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