Environmental and social risk expert Sharanjit Paddam will join Finity, as a Principal in the climate risk team in July.
Mr Paddam’s 26-year actuarial career has included significant contributions to Australia’s response to climate risk, including important strategic advice to a number of major insurers, banks and investors. His most recent role was as Head of ESG Risk at QBE Insurance Group. In 2020 he was awarded Risk Manager of the Year by the Climate Alliance following his success in driving one of Australia’s largest insurers to meet the international Taskforce on Climate-related Financial Disclosure requirements. He also received the Actuaries Institute’s Distinguished Service Award in 2020, in recognition of his service on the Climate Change Working Group.
“Sharanjit is a pioneer in his field with a unique mix of skills that make him a natural fit for our climate risk team at Finity,” said Scott Collings, Finity Managing Director. “Government and business leaders are looking to Finity to leverage our skills across analytics and climate science to help them navigate and respond to climate risk at both a strategic and operational level. Sharanjit brings a wealth of experience, in particular his deep understanding of natural perils risks, the regulatory landscape and wide ranging needs of stakeholders,” he added.
Mr Paddam was a leader in the Climate Measurement Standards Initiative, which was a major collaboration between Australia’s largest banks, insurers, business, regulators and climate scientists to drive a consistent reporting structure for climate risk in Australia.
“I’m thrilled to be joining Finity at a time where climate change is calling for the actuarial skillset more than ever before. Finity’s innovative approach to solving complex business problems is well regarded across the industry and I’m excited to work with Rade and the climate team, and embrace their advanced analytics as a tool for all players in the climate space,” he added.
A passionate advocate for data and science, Sharanjit will work alongside international climate expert Rade Musulin.
“Sharanjit will be a fantastic partner in our climate team. His skillset will further support our client base of insurers, banks and other corporates, guiding their strategic planning and compliance requirements related to climate risk. As more businesses move to better understand their exposure to climate change, we will help our clients understand and manage their risk profiles while identifying opportunities for profitable growth during this historic transition to a more sustainable world,” Mr Musulin said.
Finity Climate Practice
For over a decade our Climate Risk practice has helped business and government quickly understand the financial impact of the risk and opportunities associate with natural perils in Australia. To learn more about our Climate Practice and view our Climate Blog visit here.