COP 28 again highlighted the significant work needed to identify real solutions to support a sustainable green transition and limit global temperature rises. Catastrophe modeling can play a crucial role in quantifying climate risk exposures, supporting corporate risk management and pricing climate risk. This year we have been pleased to form a number of new partnerships, supporting a deeper understanding of risk and feeding our catastrophe modeling research and innovation. We are delighted to announce a new partnership with Prof. Erica Thompson and the London Mathematical Laboratory to support our climate and catastrophe modelers better understand the depth and criteria of available modeling tools, and ultimately allow us to provide a better, fit-for-purpose view of risk.
We are also happy to provide follow-ups to the popular Natural Catastrophe webinar series that ran throughout 2023. Read reports on how to Get ahead of wildfire risks in 2024: Strategies for mitigation, management and measurement exploring how unprecedented wildfire seasons devastated properties and ecosystems from Europe to Canada throughout 2023; and on Navigating named windstorm risks: mitigation and management strategies quantifying the increasing risk from intense tropical cyclones in a changing climate.
In 2023 accelerated technological advancements and tools like ChatGPT have heightened the need for robust strategies to embrace digital disruption. The rising prominence of ESG has encouraged companies to integrate ESG considerations into their risk management frameworks. Geopolitical tensions and conflict continue to disrupt supply chains, increase commodity prices and impact financial markets. Our Geopolcast podcast series has quickly established itself, providing commentary and expert opinion on some of the most pressing issues globally. Recent episodes explore the rising risk of cyber threats, the geopolitical impacts of climate change, and the power and pitfalls of sanctions. Please do get in touch with areas of interest you would like us to explore.
Below we include some of our more recent insight pieces, including thoughts from attending a recent White House Council of Economic Advisors roundtable on climate modeling and a piece co-written with Gordon Woo, Catastrophist at Moody’s RMS, exploring new approaches for addressing the gaps in volcanic risk modeling. We hope you enjoy them.
Wishing you all the best of the season,
Table of Contents
Also of interest
- Be ready, be resilient – the opportunities and threats of AI
- WTW Climate Reporting Comparative Table: November 2023 update
- Setting the scene on climate scenarios
- Outsmarting geopolitical uncertainty: How to make smarter strategic decisions in moments of global crises
- How risk managers can tackle the increasing threat of disorderly climate transition
- Accelerating change amid disruption
- Retail Futures report: Your roadmap to resilience
- Plans beyond pledges: Effective board leadership of the net zero transition
- The workplace of the future
- Accelerating change amid disruption
WTW RN Team Contacts
