Riskscape

🚀 Unlocking Value for Insurers: Riskscape’s 3-Phase Journey 🚀 At Riskscape, we’re committed to delivering unparalleled value to insurers through a strategic, phased approach. Here’s how we’re transforming the insurance landscape: Phase 1: Immediate “Low Hanging Fruit” 🍏 - Book Backfill: Establishes a solid foundation for pricing and seamless API integration, enhancing portfolio understanding and management instantly. - Climate Risk Portfolio Report: Leveraging the book backfill, this report offers significant benefits at a marginal cost. It’s crucial for climate risk disclosures, stakeholder engagement, and stress/scenario planning. - Flood and Other Risk “Viewer”: Provides immediate underwriting value by visually inspecting how flood and other perils impact properties, with no development required. Phase 2: Getting Value from Source, as a Next Step 📈 - API Integration: Real-time pricing integration for new business. - Actuarial Team Interaction: Our Riskscape actuarial team collaborates to refine pricing using our data. Phase 3: Workflow Enhancements, the “Cherry on Top” 🍒 - Workflow Trigger System Integration: Enhances operational efficiency. - Climate Risk Stress-Testing: Ensures robust risk management. Join us on this journey to revolutionize the insurance industry! 🌟 #Insurance #RiskManagement #ClimateRisk #InsurTech #Innovation

Excited to share our climate risk stress-testing support framework, focused on portfolio specific climate risk data (bottom-up) and related models as a service. The goal is to support the performance of an intricate bottom-up climate risk stress test for banks. Leveraging refined geospatial data, which includes 3D modelled building sizes , footprints and values, we're adopting a precise approach that provides insightful risk assessments to pave the way for a more sustainable financial future. (1) Hazard Modelling: Utilizing detailed resolution models for flood, fire, and other risk factors, we're mapping these hazards right down to the building level. This unprecedented depth of focus allows us to drill down into the granular realities of environmental risks, directly influencing the financial sphere. (2) Macroeconomic Impact: Building upon general climate parameter forecasts, we're measuring the financial implications at a macroeconomic level. This empirical projection helps banks understand the wider economic influences they may be exposed to as climate change progresses. (3) Systemic Risk Impact Assessment: Fluid environmental changes demand dynamic responses. Our initiative delineates the effects of these varying climate-induced risks on the financial system as a whole, with banks at the center. Highlighting these systemic risks empowers banks to shape strategies to remain resilient in the face of evolving climate challenges. (4) Risk Aggregation: We're integrating data points to form a holistic picture of all potential risks, and especially acute event risks from a materiality perspective. By combining diverse climate variables, we're executing an extensive risk aggregation using our bespoke clustering algorithms in combination with our other data and technologies. With every property and every material climate parameter under profound scrutiny, we're set to transform the way banks perceive, calculate, and manage climate risk comprehensively. Let's step forward into a new era of climate-resilient banking! 🌏💼 #ClimateRisk #SustainableFinance #Geospatial #Spatial #Banking #Climate #Sustainability #RiskAggregation #ClimateChange #stresstesting