Research Article

Actuaries Climate Index: An Application for Turkey

Volume: 12 Number: 2 December 15, 2022
TR EN

Actuaries Climate Index: An Application for Turkey

Abstract

The aim of this paper is to propose a Turkish application of the Actuaries Climate Index (ACI), which is a measure of changes in extreme weather and sea levels. The index periodically provides data and information to scientists, practitioners and policy makers working with the risks caused by climate change in order to help them analyze the financial effects of these risks. For this aim, we calculate ACI for Ankara province using data obtained from standard databases. When the application suggested in this article is extended to the entire country, the recommended calculation will help the involvement of Turkey in addition to all European countries included in the European ACI, which is the continuation of the ACIs developed primarily in Canada and the USA.

Keywords

References

  1. ACI (2018), Actuaries Climate Index: Development and Design, the American Academy of Actuaries, the Canadian Institute of Actuaries, the Casualty Actuarial Society, and the Society of Actuaries, Available online: https://actuariesclimateindex.org/wp-content/uploads/2019/05/ACI.DevDes.2.20.pdf (accessed on 21 October 2022).
  2. AACI (2018), Design Documentation: Australian Actuaries Climate Index, November 2018, Available online: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=52034b4d-5c50-4bff-b4d7-05e084d2fc42 (accessed on 21 October 2022).
  3. Brüggemann, R. and Patil, G. P. (2010). Multicriteria Prioritization and Partial Order in Environmental Sciences. Environmental and Ecological Statistics, 17(4), 383-410.
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  5. Carriquiry, M. A. and Osgood, D. E. (2012). Index Insurance, Probabilistic Climate Forecasts, and Production. Journal of Risk and Insurance, 79(1), 287-300.
  6. Curry, C. L. (2015). Extension of the Actuaries Climate Index to the UK and Europe: A Feasible Study, Institute and Faculty of Actuaries, December 2015.
  7. Hansen, J., Sato, M., Glascoe, J. and Ruedy, R. (1998). A Common-Sense Climate Index: Is Climate Changing Noticeably?. Proceedings of the National Academy of Sciences, 95(8), 4113-4120.
  8. Jiang, R. and Weng, C. (2019). Climate Change Risk and Agriculture-Related Stocks. Available at SSRN: http://dx.doi.org/10.2139/ssrn.3506311.

Details

Primary Language

English

Subjects

Statistics

Journal Section

Research Article

Publication Date

December 15, 2022

Submission Date

October 31, 2022

Acceptance Date

November 30, 2022

Published in Issue

Year 2022 Volume: 12 Number: 2

APA
Nevruz, E., Atıcı, R. Y., & Yildirak, K. (2022). Actuaries Climate Index: An Application for Turkey. İstatistik Araştırma Dergisi, 12(2), 14-25. https://izlik.org/JA53AJ72AJ
AMA
1.Nevruz E, Atıcı RY, Yildirak K. Actuaries Climate Index: An Application for Turkey. JSRTR. 2022;12(2):14-25. https://izlik.org/JA53AJ72AJ
Chicago
Nevruz, Ezgi, Raif Yakup Atıcı, and Kasirga Yildirak. 2022. “Actuaries Climate Index: An Application for Turkey”. İstatistik Araştırma Dergisi 12 (2): 14-25. https://izlik.org/JA53AJ72AJ.
EndNote
Nevruz E, Atıcı RY, Yildirak K (December 1, 2022) Actuaries Climate Index: An Application for Turkey. İstatistik Araştırma Dergisi 12 2 14–25.
IEEE
[1]E. Nevruz, R. Y. Atıcı, and K. Yildirak, “Actuaries Climate Index: An Application for Turkey”, JSRTR, vol. 12, no. 2, pp. 14–25, Dec. 2022, [Online]. Available: https://izlik.org/JA53AJ72AJ
ISNAD
Nevruz, Ezgi - Atıcı, Raif Yakup - Yildirak, Kasirga. “Actuaries Climate Index: An Application for Turkey”. İstatistik Araştırma Dergisi 12/2 (December 1, 2022): 14-25. https://izlik.org/JA53AJ72AJ.
JAMA
1.Nevruz E, Atıcı RY, Yildirak K. Actuaries Climate Index: An Application for Turkey. JSRTR. 2022;12:14–25.
MLA
Nevruz, Ezgi, et al. “Actuaries Climate Index: An Application for Turkey”. İstatistik Araştırma Dergisi, vol. 12, no. 2, Dec. 2022, pp. 14-25, https://izlik.org/JA53AJ72AJ.
Vancouver
1.Ezgi Nevruz, Raif Yakup Atıcı, Kasirga Yildirak. Actuaries Climate Index: An Application for Turkey. JSRTR [Internet]. 2022 Dec. 1;12(2):14-25. Available from: https://izlik.org/JA53AJ72AJ