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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

White paper

Climate forecast: Looking beyond net-zero mortality predictions

We share our initial findings from building a prototype causal model to explore the interactions of various climate and socio-economic factors on excess mortality.

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Benchmarking survey

South African insurance industry climate progress

Key observations from the inaugural Milliman Benchmarking Climate Survey in South Africa

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Report

Impact of climate change on disease prevalence

Climate change can have a wide-ranging impact on disease prevalence, from changes in vector ecology, to air pollution, to the effects of extreme heat and cold snaps on the body.

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briefing note

Climate change: No longer an emerging risk

Central Bank of Ireland publishes Guidance for (Re)Insurance Undertakings on Climate Change Risk

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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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