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CLIMATE CHANGE

Social and economic impact

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.

A warming world

Unprecedented risk and uncertainty

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.

Article

Wildfire catastrophe models could spark the changes California needs

Wildfire risk has become a key focus of California property insurers.

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video

Flood warning: Working to provide better coverage

Re-examining one of the least-insured perils
video

Parametrics: Insuring for agriculture, livestock & climate change

Michael McCord, managing director of the MicroInsurance Centre at Milliman, discusses parametrics in microinsurance.
Insight

Milliman climate change insight

Article

Embedding sustainability within insurance governance frameworks and risk culture

We explore how (re)insurers can embed sustainability within governance frameworks and risk culture under Solvency II, rather than doing a complete overhaul.

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Article

Inflation as a major climate-related risk

Given the potential impact of a sustainability transition on inflation, we map out a causal model, noting key narratives and interconnections of its components.

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Article

Flood risk modelling in Europe

This report presents a comprehensive framework for calculating potential home insurance losses from European flood events...

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Briefing note

The 2023/2024 (re)assessment of natural catastrophe risk in the standard formula

This briefing note summarises these amendments across Europe, providing insight into the effects for natural catastrophe risk exposure in the Netherlands.

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Products

Related Milliman products

Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

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Geographic rating insights

PinPoint

Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.

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SERVICES

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