With the wildfire season underway, the insurance market “will likely continue to harden as insurers adapt to the reality of increasingly strong fires across the western U.S.” as climate risks rise. With the IPCC’s report on climate change underscoring a surge in compound events from heat waves, risk and insurance professionals must widen their risk analytics and strategies to stay prepared.
Active climate risk management still remains a weak point for most companies. The first step to bolster resilience? “Identify and quantify exposures related to assets,...
Geospatial visualization and mapping opens up impactful data analytics. Projecting risks, proactively managing real-time events, and clearly communicating risk exposures...