Climate Risk Consulting

Our physical risk modeling tools – built on our natural catastrophe and risk engineering expertise – assess the exposure of client assets to climate change. Our actuarial capabilities and relationships with specialist climate model vendors allow us to quantify the value at risk under warming scenarios and evaluate vulnerabilities in the portfolio to physical risks.

Our vulnerability reports evaluate climate risks and help us develop tailor-made mitigation strategies for our clients. Our Property Vulnerability and Climate Change Assessment includes a qualitative evaluation of physical threats from natural hazards, including earthquakes, hurricanes, severe convective storms (tornado, hail), temperature extremes, wildfire (direct and indirect impact), flood, surface water and drought.

Our approach to transition risk builds on our deep risk advisory expertise to support clients in managing potential risks associated with various transition scenarios and in surfacing opportunities. As the global economy restructures to meet targets to limit global warming, our practical approach looks to highlight opportunities to help companies position themselves in a low-carbon economy.

We help clients optimize risk finance by making better risk retention and transfer decisions. Our analytics capabilities and insurance knowledge allow us to design innovative solutions for climate-related volatility. This can include using captive vehicles for risks that may be traditionally difficult to insure, providing solutions to accelerate the transition and ensuring risk exposures are reflected in optimal insurance pricing.