The traditional approach to risk management of using probabilities and discounting to assess frequency and impact works well with repeatable risks, such as mortality, theft, and weather events, but it becomes more problematic with long term systemic risks such as climate change and biodiversity. In this webinar, I’ll discuss the challenges of dealing with these risks, and the role of the financial services industry in addressing them.
In the course of a varied career as an actuary, software engineer and academic, Louise Pryor has led the development of the UK’s Technical Actuarial Standards while she was at the FRC, practised as an independent consultant in the areas of software risk and sustainability and worked on financial modelling for social security and pensions reform in a number of emerging economies. She is currently President-elect of the Institute and Faculty of Actuaries, Chair of the London Climate Change Partnership and a non-executive director at the Ecology Building Society. Dr Pryor became a Fellow of the Institute of Actuaries in 1987 and a Fellow of IEMA in 2019. She has a degree in Mathematics from the University of Cambridge, and a PhD in Artificial Intelligence from Northwestern University.