JFAR Publications
Risk Perspective
The JFAR sets out its collective view on current risks to high quality actuarial work in its Risk Perspective. The Risk Perspective is intended to raise awareness of the risks to and the importance of high-quality actuarial work in mitigating the risks to the public interest.
Through the JFAR’s ongoing activities and in response to hotspots identified in the Risk Perspective reports, the JFAR has undertaken several thematic reviews. These findings from the reviews may be reported in separate reports, in observations included within the Risk Perspective update or through other activities.
JFAR Thematic Reviews
JFAR The Science of Climate Change
The Joint Forum on Actuarial Regulation’s (JFAR) The Science of Climate Change is an extensive report on understanding the science of climate change.
The first of its kind report, which is a unique collaboration between regulators with an interest in actuarial work (FRC, IFoA, FCA, TPR, PRA), highlights the urgency of climate change and the role actuaries have to play in mitigating its risks.
The report is designed to address gaps in actuaries’ knowledge of the science behind climate change, giving actuaries confidence to increase their contributions on this important topic. It includes analysis of:
- Global temperature changes and the impact of mass human migration, rising sea levels and its impact on the UK and Europe specifically and implications for food security and human mortality.
- The interconnectedness of biodiversity and climate change.
- Tipping points - a critical threshold beyond which a system reorganises abruptly and irreversibly. Many of these tipping points such as effects in the Arctic and Antarctic regions will be familiar, but there are other tipping points such as the effects on ocean circulation, permafrost thaw, and forest dieback, which are less well-known but equally important.
- Efforts to mitigate climate change, the concepts of carbon budgets and net zero.