Tag: Climate risk

New partnership between BIS and MAS targets climate risks in finance

The Bank for International Settlements (BIS) and the MAS have recently collaborated on an innovative initiative.

FIS unveils new tool to tackle climate risks for businesses

FIS, a global leader in financial technology, has launched the Climate Risk Financial Modeler, a new SaaS risk offering designed to help businesses across all industries assess, reduce, and report their exposure to the physical risks of climate change.

ERM launches Climate Markets to navigate carbon credit landscape

ERM, a leading sustainability advisory firm, has unveiled its latest a new product designed to assist companies in navigating the realm of carbon credits as they tackle their greenhouse gas emissions and strive for decarbonisation.

Stockholm Exergi pens landmark contract with Microsoft for largest-ever carbon removal...

Stockholm Exergi has penned a landmark contract with Microsoft to cover 3.33m tonnes of permanent carbon removals from bio-energy with carbon capture and storage...

Net-Zero Asset Owner Alliance launches ambitious climate protocol for $9.5tn in...

The Net-Zero Asset Owner Alliance, a coalition of prominent institutional investors, has announced its latest initiative aimed at directing $9.5tn in assets towards sustainability.

WTW launches first-ever coral reef insurance policy in Fiji

WTW, a leading global advisory, broking, and solutions company, has introduced a groundbreaking parametric insurance policy aimed at protecting the coral reef system of the South Pacific Ocean’s Lau Group of islands.

Allianz launches innovative dashboard to track transition pathways to Net-Zero

Allianz has introduced an innovative tool designed to track the emission reductions and investments needed to achieve commitments made by countries under the 2015 Paris Agreement.

California FAIR Plan collaborates with ZestyAI for precise wildfire insurance pricing

Today, two prominent players, ZestyAI, renowned for its climate and property risk analytics solutions, and California FAIR Plan Association, recognised as California's primary property...

ZestyAI introduces FORTIFIED construction standard to its AI-powered risk platform

ZestyAI is set to integrate the FORTIFIED construction standard from the Insurance Institute for Business & Home Safety (IBHS).

Climate-focused Demex bags $5m to transform the reinsurance market

The Demex Group, described as the innovators behind unprecedented reinsurance solutions tackling accumulating losses from secondary perils, has successfully garnered an investment of $5m.

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