Finity add climate risk expert Rade Musulin

Australian independent actuarial and analytics consulting firm Finity has appointed global climate and catastrophe modelling expert Rade Musulin to lead their Climate Risk practice.

Musulin has experience in post-event assessments, academic studies, and conferences on ways to protect and insure against floods in Australian and Thailand, tropical cyclones in Asia and Australia, and earthquakes in China and New Zealand.

An expert in hurricane damage assessment and flood insurance affordability from the United States, Rade has experience understanding the losses that arise from extreme events including climatological changes.

A Florida native, Musulin has made significant contribution to both US and Australian research, strategy, and policy in extreme events as a published actuary. As the COO of Aon Benefield Analytics Asia Pacific, Rade built the firm's regulatory and rating agency advisory practice group, consulting with clients on how to interact with rating agencies and training on global best practice disciplines.

Finity's managing director Scott Collings said, "Rade's appointment comes at a time when companies across all sectors are being asked to address the impact of climate change on their strategies and operations."

"Increasingly, organisations are looking to actuaries and robust analytics to quantify their exposure to climate risk. Rade brings outstanding global knowledge in this area to Finity's climate risk practice."

Musulin said businesses and communities that proactively address climate issues will have a competitive advantage in what will be one of the largest economic transformations in recent history. "Australia faces many of the same challenges I have seen in other parts of the world. Due to rapid changes in technology, tools and data, risk assessment is more informed than ever before."