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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

Supervisory Statement 5/25: Enhancing banks’ and insurers’ approaches to managing climate-related risks

SS5/25 introduces clearer, more proportionate climate-risk expectations, calling on UK insurers to strengthen governance, risk and data capabilities.

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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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Article

Geocoding for insurance: How to ensure precision and accuracy in the geocoding workflow

In this article, the second in our series on geocoding for insurance, we discuss how to identify potential bad results throughout the geocoding workflow.

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Article

The expected impacts of Hurricane Milton: What’s next for the Florida insurance market?

This paper reviews the expected insurance impacts of Milton and the anticipated future responses of the (re)insurance markets in Florida.

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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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