Extreme Event Risk

Climate Change Solutions

Verisk provides science-based climate risk solutions: comprehensive data sets and tools to address climate change risks, tackling the industry’s biggest challenges.

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Are you prepared for the economic fallout of climate change?

The Intergovernmental Panel on Climate Change (IPCC) estimates that global economic loss would total $54 trillion by 2100 with 1.5°C of warming, $69 trillion with 2°C of warming, and $551 trillion with 3.7°C of warming. As payouts increase, so will the price of protection.

Assess the risk of climate change to different lines of business

Our climate change solutions help you understand the growing risks and rising losses from physical and liability aspects of climate change, so you can prepare operational and strategic resilience initiatives that meet the needs of all stakeholders.

Improve climate risk insights and streamline reporting

A near-present view of risk for climate disclosure, sustainability and resilience combine with specific studies for strategic planning and answering stakeholder questions.

Stress-test and rebalance your portfolios

Climate change liability scenarios help pinpoint the sensitivity of your portfolio to liability risks resulting from the changing climate.

Get peril-specific insights

Verisk’s atmospheric peril models are updated frequently to reflect the climate change that has already happened.

Our Climate Advisory Council provides research-backed insights to help you address the near-term and long-term climate impacts on your natural catastrophe-exposed portfolio by region and peril.

Learn about our Climate Advisory Council

Features and capabilities

Climate change-conditioned projections

These projections can help identify the sensitivity of your portfolio and provide a range of possibilities on how future climate change can impact average annual losses (AALs) and other metrics under different socioeconomic scenarios with different climate policies.

Extensive documentation

Model documentation for atmospheric perils includes a climate change chapter highlighting the consideration of historical trends during model development, the underlying model data, and validation of the model from a climate change perspective.

Climate Change Risk Indices

These indices from Verisk Maplecroft® help you understand and evaluate the exposure of your operations, supply chains, and investments to climate change-related risks.

Custom event frequency in Touchstone®

Resample a stochastic catalog in Touchstone for stress testing, model validation, and creating your own view of risk.

Related resources

Stay in the know about important industry trends and innovative solutions.

Documentation

Extreme Event Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk's extreme event solutions model, software, and service offerings.

Podcast

Future Focus 2030: The climate change podcast

Dr. Richard Hewston of Verisk Maplecroft and Shane Latchman of Verisk Extreme Event Solutions UK discuss the evolution of modeling/ mapping climate change risk and how insurers can use data more intelligently to quantify them.

Listen to the podcast

Resources

About Catastrophe Modeling

In the case of rare but severe events, historical loss information is often unreliable in assessing future loss potential – that's where catastrophe modeling comes in.

Learn more

General trainings

Certified Extreme Event Modeler (CEEM) Training

Gain insight into the science behind natural catastrophes and a behind-the-scenes look at how catastrophe models are developed and validated.

Learn more

Do more with the Verisk ecosystem

Our solutions can help you evaluate the risk of climate change across several verticals to plan strategies for resilience and growth.

Colleagues Discussing Data Points Shown On Screens

Contact us to learn more

Telephone support is available at the following offices, please call your local provider at one of the listed numbers below:

Support numbers:

Boston +1 6172676645

London: +44 (0)20 37640300

Munich: +49 (0)89 2323735 0

Hyderabad: +91 40 66002266

Beijing: +86 10 5965 2780

Singapore: +65 6249 0770

Tokyo: +81 (0)3 6551 2840

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