SDG Detail

The coming deluge: Scenario analysis for underwriting in a changing climate

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Project description

The ClimateWise whitepaper considers the options, implications and communication of scenario analysis for underwriting non-life insurance. It raises awareness of different natural catastrophe modelling approaches and highlights the valuable insights that can be generated across the insurance business. This further shows the unique opportunity for business and society to engage with such analysis and better understand the benefit of managing physical risks in a changing climate. As an example, we present the outputs of UK flooding from two different multi-flood-type quantification approaches from Ambiental and JBA Risk Management.