An Uninsurable World? Climate Risk and Insurance

Nicolas is a curious and enthusiastic engineer and transformative actuary with more than 17 years of experience gained in Europe and Canada. While a fellow of the Institute of Actuaries of France, his engineer background continues to nurture his passion in complex problem solving, leveraging analytical thinking, technical expertise, collaboration, and effective communication.

Before joining Deloitte Canada in 2024, Nicolas has nurtured an actuarial team of around 100 people since 2008 in France and then in Canada. Nicolas is now managing the Financial Risks team in Montreal covering banking, asset management and insurance sectors and spanning several risks (actuarial, credit, market, treasury, regulatory) and solutions (model validation/development, regulatory compliance, complex financial modelling, ALM/treasury, ESG).

Mr. Mark Bove is a Meteorologist & Natural Catastrophe Solutions Manager for Munich Reinsurance America, Inc. His responsibilities include evaluating catastrophe risk models & tools, providing technical expertise on underwriting property catastrophe risk and exposure accumulation issues, and the development of bespoke geospatial solutions for Munich Re clients. 

The Munich Re Group has been leveraging Mark’s meteorological & climate expertise for almost 25 years. Before then, Mark was a graduate research assistant at Florida State University in Tallahassee, Florida. Research highlights include studies of ENSO’s influence on Atlantic hurricane landfall frequencies and tornadic activity patterns in the United States, the latter earning Mark the 1998 Father James B. Macelwane award for outstanding undergraduate research from the American Meteorological Society. 

More recently, Mark was a chapter author on the Fifth National Climate Assessment, is the current Vice Chair of the IBHS Research Advisory Committee, and is working with the Reinsurance Association of America and NOAA to improve weather & climate data access for re/insurance industry.

Mark holds Masters and Bachelors degrees in Meteorology from Florida State University and has earned the Chartered Property Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe) professional designations from The Institutes, and the Certified Catastrophe Risk Management Professional (CCRMP) designation from the Casualty Actuarial Society (CAS). 

Frederic is a director of ESG-related risks management at Desjardins Group, where he’s in charge of policies development, oversight program and disclosure. Prior to joining Desjardins, he spent three years as a consultant developing an ESG and climate advisory for the North American insurance industry, and 15-plus years in the Canadian property and casualty insurance industry in different roles. Frederic holds the Financial Risk Manager, Fellow of the Canadian Institute of Actuaries and Fellow of the Casualty Actuarial Society designations.

Michel Fournier is Vice President and Chief Risk Officer for Beneva. He is responsible for Risk Management across the organization. Prior to his appointment at Beneva, he was Head of Risk Management and then Head of Hedging at National Life Group, Head of Global Equity Risks at Manulife and Head of Hedging for VA Europe at ING Group.

Michel has an MBA-Finance and a BSc in Actuarial Science both from Laval University. He also holds the titles of ASA (from the Society of Actuaries), CFA (Chartered Financial Analyst) and FRM (Financial Risk Manager)