Verisk Teams with S&P Global Energy for Insurance-Adjusted Climate Risk Projections to 2050
Verisk and S&P Global Energy launched a data-sharing collaboration integrating Verisk's near-present catastrophe risk data into S&P Global's Sustainable1 platform, producing combined insured versus uninsured loss projections through 2050. The solution equips insurers, banks, asset managers and real estate investors with auditable analytics to quantify and manage future climate-driven risks.
1. Collaboration Details
Verisk and S&P Global Energy have formed a strategic data-sharing collaboration to integrate Verisk's near-present climate catastrophe risk data into S&P Global's Sustainable1 Climanomics platform. The partnership will produce a joint dataset enabling quantification of insured versus uninsured financial impacts of natural hazards projected through 2050.
2. Data and Modeling Enhancements
The collaboration combines Verisk's event simulation models with S&P Global's climate-adjusted inland flood analytics to generate future-projected climate events. This dataset will be accessible through Verisk's Touchstone platform, offering auditable, science-based projections to support stress testing and risk modeling.
3. Industry Applications and Impact
Insurers, banks, asset managers, and real estate investors can leverage the combined risk intelligence metrics to enhance underwriting, portfolio stress testing, and capital allocation strategies. The solution addresses regulatory requirements for climate-risk disclosure and equips clients to proactively manage exposure to physical hazards and climate change.