Fed. Reserve official provides strong message on need for better climate risk reporting and monitoring.

Against the backdrop of severe weather events in Texas, Federal Reserve official Lael Brainard provided a strong statement on climate risk reporting and analysis: “Financial institutions that do not put in place frameworks to measure, monitor, and manage climate-related risks could face outsized losses on climate-sensitive assets caused by environmental shifts.”

Risk and insurance professionals have greater pressure to stay ahead of the curve. Maptycs identifies actionable insights hidden in your risk exposure data with our proprietary geospatial platform to keep you prepared.

#risktech #insurtech #riskmanagement #climaterisk

https://www.nytimes.com/2021/02/18/business/as-winter-wallops-the-south-a-fed-official-warns-climate-change-poses-a-risk-to-banks.html

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