As 1 million homes remain without power due to Hurricane Ida, the Federal Insurance Office (FIO) announced “an important step towards assessing climate-related financial risk in the insurance sector.” With more in-depth climate risk disclosures on the horizon, risk and insurance professionals should take additional steps to bolster their risk analytics capabilities as climate issues rise.
Within balanced ecosystems, insurtechs and insurers can combine their respective expertise and collaborate efficiently to achieve better and faster the necessary...