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Climate Change

In late 2007, the ASHK set up a working group of actuaries reflecting and researching on how actuaries should allow for climate change in their daily work. This working group met once a month with the main purposes:


  • To establish a point of reference for actuaries in Hong Kong, providing information on Climate Change (and other environmental threats) relevant to the work carried out by actuaries in the territory
  • To establish a database of publications dealing with environmental and Climate Change issues and their financial implications
  • To provide regular updates to financial institutions in Hong Kong about Climate Change and environmental threats relevant to their operations
  • To instigate the collection of data related to Climate Change, and use this information to identify new trends and patterns emerging which may be of interest to the actuarial society as a whole
  • To initiate or conduct research on the impact of Climate Change and environmental issues on the work of actuaries


If ASHK members feel also that climate change should be taken seriously by actuaries, they can join the Climate Change Working Group by contacting ASHK Office at [email protected] .

Some initiatives undertaken by the group are as follows:


    1)    The working group ran a survey in May 2008 to gauge members' views on climate change. The survey findings can be found in ASHK Newsletter Vol. 01/2009 (Pages 19-21).


    2)    The group has recently compiled a list of publications from various sources which it thought may be of interest to members. Furthermore the group has focused on three of the more relevant publications and provided summaries of each. The full list of publications, and the first of these summaries are available below:


“The Effects of Air Pollution on Mortality in Socially Deprived Urban Areas in Hong Kong, China”


Chit-Ming Wong, Chun-Quan Ou, King-Pan Chan, Yuen-Kwan Chau, Thuan-Quoc Thach, Lin Yang, Roger Yat-Nork Chung, Graham Neil Thomas, Joseph Sriyal Malik Peiris, Tze-Wai Wong, Anthony Johnson Hedley, and Tai-Hing Lam, Environmental Health Perspectives, Volume 116, Number 9, September 2008, 1189-1194


“Air Pollution: Costs and Paths to a Solution in Hong Kong—Understanding the Connections Among Visibility, Air Pollution, and Health Costs in Pursuit of Accountability, Environmental Justice, and Health Protection”


Anthony J. Hedley; Sarah M. McGhee; Bill Barron; Patsy Chau; June Chau; Thuan Q. Thach; Tze-Wai Wong; Christine Loh; Chit-Ming Wong, Journal of Toxicology and Environmental Health, Part A, 71: 544–554, 2008


“Association between air pollution and general practitioner visits for respiratory diseases in Hong Kong”

T W Wong, W Tam, I Tak Sun Yu, Y T Wun, A H S Wong, C M Wong, Thorax 2006; 61: 585 – 591


“A Tale of Two Cities: Effects of Air Pollution on Hospital Admissions in Hong Kong and London Compared”

Chit-Ming Wong, Richard W Atkinson, H. Ross Anderson, Anthony Johnson Hedley, Stefan Ma, Patsy Yuen-Kwan Chau, and Tai-Hing Lam, Environmental Health Perspectives, Volume 110, Number 1, January 2002, 67 - 77


“Weathering climate change: Insurance solutions for more resilient communities”, published by Swiss Re (2010)


“European Weather Derivatives”: a UK Institute and Faculty of Actuaries working party paper


“Asset Owners: Climate Change Initiative Update: Funds Survey Results”, published by The Climate Institute (2009)


“Climate Change: Investment Initiative Update: Asset Consultants Survey”, published by The Climate Institute (2009)