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Blog • August 17, 2022
Increasing Resilience in Japan with One Concern Ready
Japan’s rainy season typically brings torrential rains and flooding across the country, inundating cities with previously unpredictable water levels. With the most recent release of our One Concern Ready™ product, we are now supporting six additional municipalities – Okazaki, Okayama, etc. – in addition to Kumamoto City, Japan, in an…
Blog • August 2, 2022
Minimizing Mortgage Default Risk with Climate-Resilient Banking
By Oleg Blokhin As inflation eats away at margins and interest rates rise, borrowers will look for cheaper financing. To stay competitive, banks will need better ways to determine which properties are truly at the greatest risk of default on their mortgages and charge them accordingly. Climate change brings more…
Blog • July 19, 2022
Pricing Climate Change Through Downtime: Q&A with Dr. Jeffrey Bohn, Chief Strategy Officer
Storms, floods, and other dangerous weather events are increasing in frequency and intensity, impacting business operations and increasing financial risk. There have been 285 climate-related disasters in the United States since 1980. The cost of these disasters amounts to almost $2 trillion. In 2020 alone, the U.S. weathered 22 billion-dollar…
Blog • July 11, 2022
Insurers need advanced analytics for resilience or they dramatically underestimate their losses, new research shows
By Sean Rider, Chief Revenue Officer In a new report by the French technology consultancy Capgemini, insurance customers placed climate change among their top concerns—second only to the Covid pandemic. As a result, insured losses were 3.6 times higher in 2021 than in 1990. Amid recent flooding of Yellowstone Park,…
Blog • May 18, 2022
SEC Climate Disclosure: What You Need to Know About Physical Climate Risk
By Ahmad Wani, CEO & Co-Founder Overview Until the end of the year, public corporations won’t know for certain the Securities and Exchange Commission’s (SEC) final rule on climate risk disclosure. However, the draft rule likely won’t deviate much from the SEC’s original intent and is likely to follow the…
Blog • March 29, 2022
IPCC Report Says Climate Change is Here: We Need to Adapt to Build Resilience
By Dr. Jeffrey Bohn, Chief Strategy Officer The UN’s Intergovernmental Panel on Climate Change (IPCC) recently released its Climate Change 2022: Impacts, Adaptation & Vulnerability report, detailing the international scientific community’s climate analysis. This new report conveys the urgency we need to adapt to climate change, moving beyond mitigation to…
Blog • March 28, 2022
ICYMI: Everything you need to know about our climate resilience panel at SXSW
At this year’s conference, we presented our insights on Visualizing the Resilience Divide, exploring how disasters differently impact people in the same community. To illustrate this point, we showcased partner research by the city of Seattle, which found that different types of earthquakes produce outsized impacts on different populations. For…