Tag: Climate risk
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.
AXA IM Alts welcomes Laurent Lavergne as global head of sustainability
AXA Group’s alternative investments business, AXA IM Alts, has named Laurent Lavergne as its Global Head of Sustainability.
Climate risk startup Reask raises $6.55m to refine AI-driven weather modelling
Reask, an innovative company leveraging artificial intelligence (AI) to interpret and predict extreme global weather conditions, announced a successful investment funding total of $6.55m.
Climate change risks to now be accounted for in Australia’s financial...
The Australian government has made it compulsory for the APRA to take into account climate change-related risks in its operations.
Navigating the storm: How supply chain risks are shaping board agendas
Once relegated to the background, supply chain management has now made its way into the heart of corporate board discussions. So what exactly are the supply chain concerns that can command board-level attention and how can these be effectively addressed? RegTech giant Moody's Analytics has undertaken the challenge to answer this.
IASB unveils project on climate-related risk disclosure requirements
The IASB has launched a new project aimed at exploring changes to requirements for firms to disclose climate risks in financial statements.
EU financial regulators to carry out financial system climate stress test
The EU’s financial regulators are planning to carry out a system-wide analysis of the financial sector’s climate-related risk resilience.
US Federal Reserve unveils climate risk exercise for big banks
The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.