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Scientifically established, yet hotly debated on the political stage, one thing that’s certain is that climate change is bringing with it a host of risks. Insurers, governments, experts, and citizens are coming together to mitigate short-term impacts and discover long-term solutions. Time is short and the implications are massive.
The economic and social impacts of climate change are both potentially massive and incredibly difficult to predict. They test the limits of risk management and modelling capabilities. There is also increasing regulatory focus worldwide on reducing its impacts. We are working hard to understand and address these challenges in cooperation with industry experts, our clients, and the larger global community.
Wildfire risk has become a key focus of California property insurers.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its opinion on the supervision of the use of climate change risk scenarios in ORSA.
The aim of this briefing note is to provide a “beginner’s guide” to climate risk for Irish insurers, an introduction to what the Central Bank of Ireland and the European Insurance and Occupational Pensions…
This client briefing describes the proposals of the 2021 biennial exploratory scenario.
What metrics are most useful to insurance companies when considering the risks and impacts of climate change?
Insurers can play an active role in educating consumers about how to protect their families, homes, and property. They can also help mitigate risks and contribute to building a successful climate resilience strategy.
This paper considers the current and developing regulation, in the UK and Europe, surrounding climate change-related risks.
This episode of Critical Point discusses the future of flood insurance and what protecting a home from flood might look like a few decades from now.
The visibility of climate’s impact on property hazard is increasingly leading individuals and their chosen leaders to ask: how might an increase in hazard affect the desirability of living in various communities, and…
In recent years, the private flood sector has grown rapidly and will likely continue to grow until the new market significantly closes the U.S. flood “protection gap.”
Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.
Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.
Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.
Plan for climate-related issues with sophisticated models representing more than 30 years of expertise.
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Embed ERM best practices into your organization to create a structured and sustainable business management process.
Improve flood insurance with independent flood rating and underwriting, ratemaking, and competitive analysis.
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Build on a solid foundation with decades of insurance expertise combined with cutting-edge technology innovation.
Ask the tough questions. We’re ready for them.