In this webinar with Simplitium, we explored how the climate has changed in the past, what climate scientists project for the future and the potential impacts this may have on future flood risk and financial loss for the insurance market.
We also introduced our leading UK Climate Change Flood Model, the first of its kind available in the UK.
We have identified the increasing need to quantify the potential impacts of climate change on flood risk for informing long-term business strategy. As a result, we have developed a ground breaking catastrophe model to allow users to identify areas where losses may increase or decrease in a future warmer climate.
Our new UK Climate Change Flood Model projects that Annual Average Loss for residential properties in the UK could rise by 25-30% over the next 20 years as a result of a warming climate. This new tool enables users to quantify the potential impact on their exposure for the first time in the UK, enabling long-term decision-making and portfolio management.
For more information, check out our latest series of Climate Change blog posts, read our executive briefing or get in touch using the form below.