Actuaries need to strategize how to manage risks dealing with environmental and social justice issues while setting premiums and loss reserves, according to an actuarial expert.
That advice was delivered recently at the Casualty Actuarial Society Spring Meeting in Quebec City by Dan Anderson, a University of Wisconsin professor of actuarial science, risk management and insurance.
Mr. Anderson defined risks dealing with environment and social justice as "sustainability risk," according to a report of his remarks provided by CAS.
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