With climate impacts growing, insurance companies are facing unprecedented challenges. Natural disasters are becoming more expensive, not only because climate change is intensifying them, but also because the number of assets sitting on potentially risky areas is growing. To respond to increased claims, traditional indemnity is becoming more expensive to purchase (raising premiums and deductibles in record-high values), the list of uninsurable risks is expanding, and the availability of risk transfer options for expensive projects (i.e., high risk concentrated on a single location) is declining.

Our expertise

Despite the challenges, it is our core belief that risk-transfer mechanisms can become a true pillar for climate resilience. Insurance (of any type) protects investors, organizations and countries against the threats of severe weather and climate exposure and provides capital buffering to support climate adaptation and resilience. Moreover, parametric insurance and weather-derivatives can be used to cover Business Interruption and reduction of demand, protecting infrastructure from the impacts of more-frequent weather-related events that traditional indemnity does not cover. As climate change drives more interest in mitigating and hedging risk exposure, insurance-linked products are mainstreamed into the market, offering uncorrelated returns to institutional investors.

Our team has been supporting insurance services for more than 10 years. We run sophisticated catastrophe models to provide PML estimates for setting insurance premiums and apply probabilistic frameworks for assessing losses from more frequent threats, that insurance companies may use for their deductible estimates.

What we offer

Insurance premiums

We can help our clients establish or re-negotiate their insurance premiums and deductibles by conducting highly technical risk studies for major infrastructure systems (e.g. energy facilities, transportation systems).

Client-specific solutions

We provide our specialized catastrophe model services to the re-insurer industry for structuring bespoke risk-transfer solutions that give payout certainty and liquidity to infrastructure holders. We cooperate with reinsurers to structure parametric products.

Novel mechanisms

We provide advisory services on weather derivatives (typologies and availability, project suitability, impacts on the financial model, negotiations)

Compensations

We provide technical input in risk sharing agreements when negotiating compensation and relief events for infrastructure contracts.

Climate KPIs

We can design climate-linked KPIs for infrastructure assets to help our clients integrate climate resiliency goals into contract monitoring mechanisms.

Relevant projects

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  • Climate and Natural Disasters Risk
    Road Transportation

    Probable maximum loss assessment for Attiki Odos highway

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  • Climate and Natural Disasters Risk
    Road Transportation

    Enhancing climate resilience in urban mobility in Matola

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  • Climate and Natural Disasters Risk
    Road Transportation

    Decision Support System for Increasing the Resilience of Transportation Infrastructure

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  • Climate and Natural Disasters Risk
    Road Transportation

    Development of a Support Platform for Engineering Decisions: Application to Highways

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  • Climate and Natural Disasters Risk
    Energy & Renewables

    Physical Risk Assessment for Protergia Plant

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  • Climate and Natural Disasters Risk
    Energy & Renewables

    Probable Maximum Loss of an industrial plant in case of an earthquake

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  • Climate and Natural Disasters Risk
    Insurance

    Design and implementation of a parametric insurance cover to mitigate earthquake risk of infrastructure systems

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