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Breakout 5: Climate Risk Impact on Mortgage Valuations (Verisk)

11:25 AM - Thursday, October 09
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Physical climate risk is becoming increasingly important to consumer mortgage portfolios because extreme weather events—like floods, wildfires, and hurricanes—are growing in frequency and severity, directly threatening property values and borrower repayment capacity. Additionally, regulatory bodies and investors are placing greater emphasis on climate-related financial disclosures, making it essential for lenders to assess and manage these risks proactively. This session will examine how Canadian lenders are beginning to measure physical climate risk in mortgage portfolios, with a focus on hazards like flood and wildfire. Discussion will center on climate risk as a tail risk rather than a primary driver, and how early measurement can support risk management. Attendees will learn about emerging data and tools that can help quantify potential exposure and inform future decision-making.”

Speakers

Kingsley Greenland

Kingsley Greenland

Director, Mortgage Risk Analytics - Verisk

Kingsley leads the mortgage risk analytics practice at Verisk Extreme Event Solutions. He has held various roles in real-estate finance covering origination, servicing, private equity, and valuation. He has subject matter expertise in climate risk, stress testing, catastrophe modeling, and insurance.

The machine learning session presented by Capital One was impressive with a detailed case study on in-sourcing digital marketing.

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The CSRSA conference is an opportunity to hear about what other companies are working on, challenges facing the industry, and provides ample time to network with peers.

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I enjoyed the conference and found the material to be very engaging and informative, especially for someone new to the industry. My favourite sessions were the Economic Update, the impact on recent real estate policy changes, and using advanced analytics to generate alternative deal structures in auto lending.

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The Conference is very well organized with a good mix of industry knowledge sharing and networking opportunities. The Economics Update session presented by Craig Alexander from Conference Board of Canada was amazing and it's probably the best Economics Update I've ever heard.

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The CSRSA conference is one of the most relevant training opportunities for members of our team. The annual conference that is held in Southern Ontario attracts people from around the globe for 2 days of breakout and general sessions presented by industry members and sponsors of the organization.

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Very well organized conference with a good mix of fun activities and an informative line up of speakers. There were ample opportunities to network, and I got good insights on trends in the industry.

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The conference impressed me with its friendly digital capability to have all the session schedules, session brief introductions and speakers bios in one place through the mobile app.

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The collaborative nature of the CSRSA makes this event one of the open and honest forums around as its members are committed to the advancement of the industry through knowledge sharing and collaboration.

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An inspiring session I found was Understanding Dynamics in the Payment Hierarchy, talking about which debt obligation would be paid by consumers first when they faced financial difficulties.

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