Akeesh J k

Climate Risk for Insurers Integrated ESG and Climate Risk Assessment for insurers - Towards a sustainable future Climate change is the biggest risk multiplier facing the world today ​As purveyors and managers of risk, insurers are at the forefront of this challenge. As an integral part of the global ecosystem, insurers also have opportunity to engage with a wide variety of counterparties (such as, investees, insureds, and suppliers) to influence change and drive more sustainable business practices across industries. Consequently, the journey to Net Zero requires support and effort from all parts of the insurance enterprise: investing, underwriting, operations, reporting and risk management. As such, it is essential insurers adopt a holistic, consistent, integrated risk assessment approach to climate risk that touches all parts of their business. Climate Risk for Insurers Series Climate risk has the potential to have a broad impact on an insurer's business. Moody's Analytics thought leadership series on climate risk, helps insurers prepare for these challenges. A series of six free, short and easy to digest papers. Financial Impact of Climate Risk - Scenario Analysis Understanding the financial impact of climate risk Climate Scenario Analysis is challenging. Insurers need an approach to scenarios which addresses the complexity and uniqueness of their business model. Moody's Analytics has extensive expertise of scenario modeling, deep domain knowledge of the insurance market and climate risk, that enable a range of solutions to offered: Climate Pathway Scenario Service translates climate pathways into financial risk variables to power insurers’ asset and liability projections to support quantification of the financial impact from physical and transitional risk Climate-Adjusted EDFs quantify climate-adjusted probabilities of default leveraging our comprehensive physical and transition risk data on corporate names for insurers to better understand the resilience of their portfolio