Climate Risk Management for Banks: A Complete Guide
Climate change poses vital risks to the financial systems and the economy. The combined financial and economic outcome related to climate change may lead to considerable future losses for banking institutions. With the advancement of the digital world, banks need ways to better understand, predict, and mitigate climate risks. What are the risks being faced […]
The Effects of Heat Waves and Drought on the Housing Market in Europe
Historic heatwaves and droughts have made Europe suffer this summer, which has been signified by scorching heat, devastating forest blazes, a decrease in precipitation and low levels of rivers and lakes. The prolonged extreme weather is taking a heavy toll on European countries, which are still beset by rising prices. In the context of real […]
How Climate Risks Post Threats to Banks
Climate challenges are emerging in their scope and scale, and they negatively impact various aspects of financial systems, from investors to institutions. This write-up will dive into the interrelatedness between climate change and banking. Banks are heavily exposed to numerous and complex risks every day. These risks can be identified as credit risk, market risk, […]
Climate Intelligence for Insurance
In the last decade, artificial intelligence (AI) has emerged as a game-changing technology in the insurance sector. This technology is equipped with advanced analytics that enables insurers to gain an understanding of large data sets. In particular, Climate Intelligence allows insurers to grasp statistics, emission factors, and simulation of climate risks to arrive at accurate […]