Climate risk models underestimate climate risk by as much as 50%.

A new report by S&P Global Ratings indicate that reinsurers may be underestimating climate risk exposure by up to 50%, modeling extreme weather events as less frequent than they should. Inaccurate climate risk modeling adds “significant potential for volatility in earnings and capital” and highlights the need for more advanced analytics.

#risktech #insurtech #riskmanagement #climaterisk

https://www.ft.com/content/a5601a80-d8e3-4281-be93-674a03bdbb68

Related Posts

Hurricane Debby ๐ŸŒ€ is slowly making her way up the East Coast after making landfall yesterday

Tropical Storm ๐ŸŒ€ Beryl is making its way through the Gulf of Mexico! Maptycs clients can

NOAA is predicting an above-normal 2024 Atlantic hurricane season, which occurs June 1 to November 30.

Maptycs was in Toronto this past week spending time with clients and sharing our geospatial property

We are progressing in our innovation journey, and are happy to report that we recently integrated

In 2023, the U.S. saw a record 28 weather events causing over $1 billion in damage,

Maptycs will be at RIMS Risk World 2024 in San Diego this May. We would love

MAPTYCS is an extraordinary product for the increasingly complex world of risk management, bringing clarity, precision,

According to the SwissRe Institute, global insured losses from natural catastrophes exceeded $100 billion for the

MAPTYCS is excited to announce our new strategic partnership with Tensor Flight. Having best in class

Meteorologists are predicting a challenging hurricane season ahead. The current El Niรฑo pattern has brought unseasonably

Integrating new data into underwriting and risk management is critical. With advancements in sensors, aerial imagery,