Climate Forum 7.0 – Health, Heat and Resilience

Introduction & Programme

In our 7th edition, we will begin by looking into the morbidity risk in the context of global warming. More specifically, we will discuss how vector-borne diseases such as dengue, which had been historically confined to tropical regions, are increasingly propagated into other regions, challenging long-standing actuarial assumptions. We will apply machine learning models grounded in high-resolution interdisciplinary datasets to forecast the spread of vector-borne diseases with improved spatial and temporal precision. As climate-sensitive pathogens expand, forecasting approaches offer insurers a scalable way to anticipate and mitigate emerging morbidity risks across Europe.

We will continue by discussing whether / how extreme heat could be insured. Indeed, extreme heat is becoming an increasingly important insurance risk, but one that does not fit easily within traditional indemnity models. Parametric insurance offers a different approach, with payouts linked to predefined weather or climate conditions rather than to the assessment of individual physical damage. Drawing upon practical experience from emerging markets, we will examine key choices behind product design: which heat metric best represents the loss being protected; how temperature, humidity, duration and location influence trigger design; how well an index can reflect the actual impact of heat on people and livelihoods; and how product design needs to balance payout frequency, affordability and meaningful protection. With Europe experiencing increasingly severe heatwaves, we will discuss key lessons learned from emerging markets relevant to the provision of new forms of heat protection in Europe.

Finally, we will discuss how climate change risks can be mitigated for low-income households, for which the real question is not just whether an insurance product pays, but whether a family can recover fast enough to avoid falling deeper into vulnerability. Too often, protection is judged by whether a claim is settled or a financial loss is covered, when what clients need is the ability to restart livelihoods quickly, stabilize income and continue supporting their families. We will explore Risk Management 360 as a framework for thinking more broadly about what effective protection requires in the face of climate risk. Through real case studies, we will examine both the promise of that approach and the practical challenges of turning it into viable, scalable solutions.

Preliminary Programme
Thursday, 22 April 2027
09:00-10:00 Global warming and morbidity risk: Forecasting emerging health threats
10:00-11:00 Can we insure extreme heat? Lessons for Europe from emerging markets
11:00-11:30 Break
11:30-12:30 Creating a Risk Management Ecosystem in the face of climate change

All the above times are given in CEST (Central European Summer Time).

Learning Objectives & Approach

The EAA Climate Forum aims to provide participants with a practical understanding of selected climate-related risks and their implications for insurance and risk management.

Participants will explore how global warming affects morbidity risk, with a focus on vector-borne diseases and the use of machine learning for forecasting. The session will also examine parametric insurance solutions for extreme heat, including key considerations around metrics, trigger design, affordability and the alignment between payouts and actual losses.

A further objective is to zoom into risk management approaches for vulnerable and low-income households. Using the Risk Management 360 framework and real case studies, the session will consider how protection mechanisms can support recovery and resilience.

Our Climate Forum combines technical insights with practical examples and case studies, linking emerging climate risks to modelling, product design and risk management in insurance practice.

Participants

The web session is open to all interested attendees.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Lecturers

Abdal Chaudhry
Abdal is Managing Partner at Kynesis, with over 15 years of experience in the life insurance industry. In recent years, Abdal has conducted research into the use of machine learning techniques to enhance climate data, improve future climate model projections and to estimate the impact of climate change on insurance risks. He has delivered multiple presentations on climate risk modelling at national and international actuarial conferences, including the International Congress of Actuaries.

Dr Michael Leitschkis
Michael is Managing Partner at Kynesis, with over 20 years of experience in the life insurance industry. Michael has contributed to several climate risk research projects and actuarial working parties dedicated to climate risks and delivered multiple presentations on climate risk modelling aspects at national and international actuarial conferences, including the International Congress of Actuaries. He has been teaching risk taxonomy and risk modelling as part of the EAA’s CERA working party since 2011.

Maria Mateo Iborra
Maria is CEO and co-founder of IBISA, a global climate Insurtech, specializing in developing parametric insurance solutions.  A telecommunications engineer by training, with a Master’s in Satellite Communications and an Executive MBA, she combines a technical background with experience in building and scaling climate insurance solutions across emerging markets. She has led climate insurance projects across Asia and Africa, working with insurers, reinsurers and local stakeholders. Her work includes solutions for extreme heat, tropical cyclones, drought and excess rainfall, with a particular focus on translating climate data and modelling into insurance products that can be implemented, distributed and scaled.

Michael McCord
Michael is a leading global microinsurance expert with decades of experience including as CEO of a Ugandan MFI, and as a regional director for microfinance programs with FINCA International. He founded the MicroInsurance Centre at Milliman (MIC@M) in 2000, an internationally recognized thought leader driving microinsurance and risk management solutions with a vision to reach three billion low-income people. Michael has worked in over 90 countries, with recent projects including climate risk insurance for MFIs in Pakistan and Malawi, climate resilience pilots in Pakistan and India, and a protection gap analysis for the Maldives. He is a founding member and former chair of the Microinsurance Network, and serves on the UNCDF’s Climate Insurance Linked Resilient Infrastructure Finance and the IDF’s Inclusive Insurance Working Groups.

Language & CPD Credits

The language of the web session will be English.

CPD Credits
For this web session, the following CPD credits are available under the CPD scheme of the relevant national actuarial association:

• Austria: 3 points
• Belgium: 3 points
• Bulgaria: 4.5 points
• Croatia: individual accreditation
• Czechia: 3 hours
• Denmark: 3 credits
• Estonia: 3 hours
• Finland: 3 points
• France: 18 points
• Germany: 3 hours
• Greece: 4 points
• Hungary: 3 hours
• Iceland: 3 credits
• Ireland: 3 hours
• Italy: GdLA individual accreditation
• Latvia: 3 hours
• Lithuania: 3 hours
• Netherlands: approx. 3 points (individual accreditation)
• Norway: 3 points
• Poland: 3 hours
• Portugal: 3 hours
• Serbia: 3 hours
• Slovakia: individual accreditation
• Slovenia: individual accreditation
• Spain: CAC: 3 hours, IAE: 3 hours
• Switzerland: individual accreditation
• USA: SOA (Section B): up to 3.6 hours

No responsibility is taken for the accuracy of this information.

Fees & Registration Details

Early Bird Registration Fee (until 11 March 2027):

• For private customers in the EU: €240.00 + VAT of the billing country (example Germany: €285.60 incl. 19% VAT)
• For private customers outside the EU: €285.60 (incl. 19% VAT)
• For businesses within the EU (excl. Germany, with valid VAT ID): €240.00 (net, reverse charge applies)
• For businesses in Germany: €285.60 (incl. 19% VAT)

Regular Registration Fee (from 12 March 2027):

• For private customers in the EU: €315.00 + VAT of the billing country (example Germany: €374.85 incl. 19% VAT)
• For private customers outside the EU: €374.85 (incl. 19% VAT)
• For businesses within the EU (excl. Germany, with valid VAT ID): €315.00 (net, reverse charge applies)
• For businesses in Germany: €374.85 (incl. 19% VAT)

Important VAT Information:

• For private customers with a billing address in an EU country: VAT will be charged at the applicable rate in the country of the billing address. The final amount, including VAT, will be calculated upon invoicing.
• For customers with a non-EU (third country) billing address: Only a non-company billing address is accepted for VAT compliance reasons. 19% VAT applies to all non-EU private customers.
• For businesses within the EU (excluding Germany), Iceland, Liechtenstein, Norway, Switzerland, and the UK with a valid VAT ID: The reverse charge mechanism applies (net price; VAT will not be charged). Please ensure your valid VAT ID is entered correctly during registration.
• For all customers with a billing address in Germany: 19% VAT applies.

Please submit your registration using our online form below. Closer to the event, you will receive further login details to join the web session.

Your registration is binding. Cancellation is only possible up to 2 weeks before the first day of the event. If you cancel later, the full participation fee is due. You may appoint someone to take your place but must notify us in advance. EAA has the right to cancel the event if the minimum number of participants is not reached.

We will send you an invoice via email. Please allow a few days for handling. Please always give your invoice number when you effect payment. All bank charges are to be borne by the participant.

Registration is open until two working days before the web session. If registration has already been closed for this web session, please call us or send an email to contact@actuarial-academy.com in order to find out whether a late registration is still possible.