Australian Actuaries Climate Index component graphs and data

There are six individual indices available which have been chosen for the impact and risk they pose to people and the economy. The indices are described in the table below.

Temperature



For the high temperature, the AACI measures the change in the proportion of days in a month on which the maximum and minimum temperatures exceed the 99th percentile of the reference period distribution for the relevant day. The results for the maximum and minimum temperatures are then averaged. The low temperature measure is calculated using a similar process by looking at the frequency above the 1st percentile. Both the high and low temperature components therefore record if there is a warming in temperature.

Precipitation



Extreme precipitation over short periods is a key driver of flood and storm damage. The rainfall component of the index focuses on extreme rainfall over a consecutive 5-day window.

Wind



During severe wind weather events such as storms and cyclones, it is the maximum wind gusts that are likely to lead to higher risk and damage. The wind component measures the monthly frequency of daily maximum wind gust above the 99th percentile.

Consecutive dry days



Consecutive dry days is included in the Index as an indication of drought conditions. It is defined as the number of consecutive days with less than 1mm of rain up to a maximum of 365 days. The cap is included for practical purposes and has no material impact on the Index.



Sea level



The sea level measure tracks movements in the monthly mean observed sea surface height, an important risk factor for coastal inundation.

Further information on component definitions is available in the  Design Documentation .

• The  Actuaries Climate Index ™ (ACI) has been developed in North America with a similar objective.
• Avoiding Inhomogeneity in Percentile-Based Indices of Temperature Extremes , Zhang et al, (2004)

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Disclaimer

• Information provided in the AACI does not necessarily represent those of either the Institute of Actuaries of Australia (the 'Institute'), its members, directors, officers, employees, agents or that of the employers of aforementioned groups.
• The Institute and the employers accept no responsibility, nor liability, for any action taken in respect of the information provided in the AACI.

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Gridded data from the Copernicus Climate Data Store was relied on to construct the AACI.

While the reanalysis data from the CDS was reviewed for reasonableness, detailed analysis was not undertaken. Therefore, reliance was placed upon this source to provide accurate and complete data information.

More specifically:

• The land-based components (temperature, rainfall and wind) use 11,154 gridded points at approximately 31 km intervals across Australia.
• The sea-based component (sea level) uses 174 points within 3 kilometres of the coastline.