Responding to climate-related risks

Consultation Paper 10/25: Enhancing banks’ and insurers’ approaches to managing climate-related risks
Update to Supervisory Statement 3/19
PRA consultation paper CP10/25: “Enhancing banks’ and insurers’ approaches to managing climate-related risks–update to SS3/19”
Key issues and implications for insurance CROs
Is your firm’s approach to climate scenario analysis in line with the proposed UK regulations?
An overview to the new ‘CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks’.
The 2025 sustainability agenda for European life and health insurers
2024 saw extremes of weather on every continent—including heatwaves, floods, droughts, wildfires and tropical cyclones.

Climate forecast: Looking beyond net-zero mortality predictions
We share our initial findings from building a prototype causal model to explore the interactions of various climate and socio-economic factors on excess mortality.
The 2025 sustainability agenda for UK life and health insurers
We review 10 items on the sustainability agenda for UK life and health insurers in 2025.
If there were a 1 in 6 chance of 8°C degrees of warming, what would you do differently?
We sought to provide an update on current climate science, identified significant gaps in climate scenario modelling and emphasised the need for a paradigm shift in risk management strategies.
Greenwashing and climate transition plans
Summary of notes from our Pinsent Masons and Milliman joint October forum
Beware “net-zero” mortality and morbidity!
While this phrasing may echo the net-zero climate emissions target, is it a reasonable assumption? Is this net-zero ‘echo’ a potential trap?
The rise and fall: Climate change and inflation modelling
In this article for the UK’s The Actuary magazine, we explore the relationship between climate change and inflation modelling.
Milliman products and information to help manage the risks posed by climate change
Milliman Complex Risk Analysis (CRisALIS)
Risk is complex and difficult to predict. Make the right strategic decisions and investments to protect your business with Milliman CRisALIS, providing tailored data selection, advanced modeling, a robust dashboard, and AI that predicts how risks will change over time.
Milliman Sustainability Services
Milliman’s approach to considering sustainability across the whole of enterprise risk management is helping our clients to achieve better ability, better agility and better alignment.