Climate Disclosures Are Here: The Actuary's Role under Proposed PG 8

Stephanie Wong is a Climate and Insurance Modelling Manager with over 15 years of experience delivering quantitative solutions across climate risk, capital, pricing, reserving, and analytics in the general and life insurance sectors. She is recognised for her expertise in applying actuarial modelling techniques to complex and emerging risks, with a particular focus on climate, sustainability, and accumulation risks. Stephanie is a significant contributor to the actuarial profession’s climate and sustainability agenda. She has authored several Actuaries Institute papers on climate risk management, serves as a Climate and Sustainability Editor for the Actuaries Digital, and is an active member of the Institute’s Climate and Sustainability Practice Committee. She leads the Professional Practice Subcommittee, which shapes professional guidance to support actuaries in addressing evolving climate and sustainability challenges.

Somya Ohri is a Director at Scyne Advisory, with extensive experience in the general insurance industry gained through a diverse range of engagements across all areas of actuarial practice. In recent years, she has applied her actuarial expertise to climate modelling and sustainability-related initiatives. Somya has supported Australian public sector organisations in undertaking climate risk assessments, developing climate scenarios, preparing climate-related disclosures and reporting, and planning net-zero transitions. She combines deep analytical expertise with a practical understanding of emerging climate and sustainability requirements to help organisations navigate a rapidly evolving risk landscape. In addition to her consulting work, Somya serves as Co-Lead of the Accounting Standards and Reporting Subcommittee within the Actuaries Institute’s Climate and Sustainability Practice Committee.

Rade Musulin is a Principal at Finity Consulting in Sydney, Australia, focusing on extreme events, climate risk, and reinsurance. Previously he served as the Chief Executive Officer of FBAlliance Insurance, Chief Operating Officer of Aon Benfield Analytics Asia Pacific, and Vice President Operations, Public Affairs, and Reinsurance for the Florida Farm Bureau Insurance Companies. Rade is Chair of the International Actuarial Association’s Climate and Sustainability Committee. He serves on the Actuaries Institute’s Climate and Sustainability Practice Committee and was Vice President – Casualty for the American Academy of Actuaries from 2016 – 2018. He was named as co-winner of the Actuaries Institute’s Actuary of the Year award in 2023 and the American Academy of Actuaries’ Jarvis Farley Service Award in 2025. He has been an author of peer reviewed academic papers on a range of topics related to extreme events and is a member of the Editorial Board for Oxford University’s Environmental Hazards Journal. His main areas of interest include how changing population demographics affect catastrophe exposure, climate change adaptation, applications of catastrophe models for disaster planning in developing countries, building code development, and community resilience. He represented the International Actuarial Association at COP 27 in Egypt in 2022, COP 28 in Dubai in 2023, and COP 29 in Azerbaijan in 2024.