Coral Gables, November 16, 2023 – SL FINANCIAL is an actuarial consulting and advisory firm based in Miami, Florida. We offer actuarial consulting and advisory services for businesses and governments in both traditional (re)insurance and alternative risk financing industries.

Climate change is a pressing global issue that poses a significant threat to businesses and governments worldwide. The increasing frequency and intensity of extreme weather events, such as hurricanes, floods, and wildfires, are causing widespread damage to property and infrastructure, disrupting supply chains, and negatively impacting human health and well-being.

Risk-pooling solutions such as the African Risk Capacity (ARC) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF), offer promising approaches to mitigate climate risks. ARC provides a regionally driven risk transfer and sharing mechanism to address climate risk challenges in Africa, while CCRIF offers parametric catastrophe insurance and quick liquidity following natural disasters in the Caribbean and Central America

These solutions exemplify proactive measures to mitigate climate change risks, enabling businesses and governments to strengthen resilience and protect communities from climate change impacts. Actuaries play a crucial role in addressing these risks by:

• Developing new climate change risk assessment models
• Identifying and evaluating climate change risks for businesses and organizations
• Devising and implementing risk management strategies
• Pricing and underwriting insurance products that cover climate-related risks
• Advocating for climate change action through education and policy support

Leveraging their expertise in risk assessment and modeling, actuaries can employ catastrophe models to evaluate the financial impact of natural catastrophes like hurricanes, earthquakes, and floods. Catastrophe models play a pivotal role in (re)insurance pricing, risk assessment, and mitigation strategies.

SL FINANCIAL's team of experienced actuaries and risk modeling specialists has a proven record of assisting insurance companies and reinsurers globally. In a recent project, they helped a leading Bermudan reinsurer assess catastrophe risk exposure using modeling tools and develop profitable pricing strategies for aggregate catastrophe excess of loss reinsurance contracts.

For any question or media inquiry, please visit our website at www.sl-financial.com or contact our team at that ceo@sl-financial.com.

MEDIA CONTACT

Achille Sime

CEO

ceo@sl-financial.com