Climate Change Risk for Insurers
This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on email@example.com or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.
ESG is one resonating theme on most boards’ agendas. Increasingly, financial uncertainty is underpinned by environmental considerations, including climate change. Insurance regulation has since adapted to cater for these changes. The objective of this course is to give a firm overview of the nature of climate change and climate-change related risks, as impacting life and general insurance undertakings. This, together with outlining the respective changes to the regulatory landscape and possible responses insurance undertakings could take on to address be both compliant and pro-active.
This course is aimed at those working as Actuaries and Actuarial Students, Insurance Principals and brokers who either work with Malta Actuarial Association, MIA or work at KPMG.
After attending this course, the participant should be able to:
- Understand the fundamental principles of climate change risk, and its climate-science embedded roots
- Define what is meant by Physical, Transition and Liability Risks
- Outline key industry and regulatory changes and implications
- Identify necessary actions insurers can take today to act in response to consideration of Climate Change Risk
Venue: Kindly contact us on firstname.lastname@example.org to indicate your preferred training method; online or in-person.
CPE Hours: This course qualifies for 2.5 hours of Structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.
Giselle Borg, Partner, Insurance Advisory Services, KPMG Malta
Giselle joined KPMG as an accountant in 2003 and spent the first 13 years of her career working within KPMG Malta’s audit department where she led audit and assurance engagements for various market players, with a focus on the insurance industry. Today, Giselle advises firms on financial services regulatory, risk and actuarial matters in the areas of corporate governance, regulatory reporting, risk management, internal audit (including AML) and actuarial services (including Solvency II and IFRS 17). Giselle also assists clients with their regulatory license application for setting up a regulated company in Malta.
Rachel Decelis, Senior Manager, Environmental, Social & Governance (ESG), KPMG Malta
Rachel is a chemist and chartered environmentalist, having 16 years’ experience in the environmental sector. She joined KPMG in 2022 as Environmental, Social & Governance (ESG) lead, after having worked in both the environmental consultancy and regulatory sectors. Throughout her career, Rachel has worked with Government entities and companies in various sectors, including in construction, waste management, energy, and manufacturing. Her specialisations include environmental permitting, reporting, and auditing, as well as air quality monitoring and impact assessment. Rachel is also a skilled trainer and communicator, having lectured at various levels in academic settings, and published articles online and in print.
At KPMG, Rachel supports various teams in developing, delivering and improving ESG services to clients, including by providing technical input and specialist advice. She also conducts internal and external training on ESG, and acts as ESG champion for the firm.
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- Language English