Although regulation is still evolving, and is somewhat unclear in certain areas, many groups such as the Net Zero Insurance Alliance, Task Force on Climate-Related Financial Disclosures, and International Sustainability Standards Board are calling for detailed scenario analysis in relation to climate disclosures. There is mounting pressure on insurers to embed climate-aware scenario analysis into their Own Risk and Solvency Assessment and/or Strategic Asset Allocation processes.
The industry is still in the early stages of its climate scenario development and it has become a priority for many insurers to start to understand and develop best practices. But where do you start?
Podcast Series - Hear from our Experts
Laura Tadrowski - Director, Advisory Services
Alasdair Thompson - Director, Research
Climate Pathway Scenario Service
Moody’s Analytics Climate Pathway Scenario Service offers a guided, step-by-step approach to help insurers develop their scenario capabilities. It provides the essential building blocks to operationalize scenarios in decision making and to meet regulation and disclosure requirements.
Built on our award-winning scenario generation software, the Climate Pathway Service translates climate pathways into an insurer’s financial risk variables to help them assess their climate-related risks and anticipate the future impact of climate change on asset and liability projections.
Speak to our team of experts to learn more and discuss how Moody's Analytics can help with your
- Climate Scenario Analysis
- Underwriting Strategy
- Investment Strategy
- Risk Strategy
- Regulatory Reporting and Disclosures