Skip to main content
Solution Solution

Climate Quantified

The global challenge of achieving an orderly transition to a low carbon, climate resilient economy increasingly dictates that climate considerations are an integral part of mainstream financial decision making across the public and private sectors.

Progressively, organisations are seeing evolving policy and regulation, such as the UK’s target of a net zero carbon economy by 2050, in tandem with rising investor and consumer expectations and activism, can only be addressed through a strategic risk management and mitigation approach, underpinned by appropriate methods and metrics.

Climate Quantified™ brings together our deep weather and climate analytical and advisory experience from the broking, (re)insurance and investment markets, our knowledge of and role in developing climate policy and regulation, our extensive academic, research and institutional investor relationships, and our multi-discipline expertise and capabilities.

By integrating capabilities from across our people, risk and capital businesses, our Climate and Resilience Hub drives support for corporate, finance and public sector clients to identify, assess and act upon physical, transition and liability risks arising from regulatory, investor, consumer, employee and operating pressures.

Dealing with climate change is a responsibility we all share – we believe we all are the ‘they’ who must act.”

Rowan Douglas | Head of the Climate and Resilience Hub

Nor are we simply a service provider; Climate Quantified embodies a proactive approach to helping shape the global community’s response to climate risks through our own and cooperative initiatives. These include:

  • Our leadership role in efforts to address the insurance protection gap in many developing countries, including creation of the Insurance Development Forum
  • Being a signatory to the Principles for Responsible Investment and the Principles for Sustainable Insurance
  • Our contributions to work on climate stress testing for disclosures
  • Our $50 million investment in the award-winning Willis Research Network over the last decade to support open climate and natural hazard research in partnership with institutions such as the National Center for Atmospheric Research, Columbia University, the National University of Singapore, and Newcastle, Cambridge and Exeter universities in the UK
  • The work our Climate and Resilience Hub has done and is doing with policy makers, non-governmental organizations and financial institutions to promote resilience to climate-related events
  • Our creation of the Thinking Ahead Institute that aims to influence change in the investment world
  • Our founding with the World Economic Forum of the Coalition for Climate Resilient Investment, which aims to improve the pricing of climate risks and climate resilience in investment decision-making

How Willis Towers Watson can help

Under the Climate Quantified brand we deliver analytics, advice and transactions to enable corporate, finance and public sector institutions to embrace the Climate Decade ahead. The extra value we bring comes from recognition of the interplay of data and sophisticated analytics with law, regulation and policy, and how these factors impact the allocation of capital.

Specific service offerings that underpin Climate Quantified include:

  • Insights in to the rapidly evolving policy and investor landscape
  • Risk and scenario modelling using the latest science
  • Climate risk audits and stress testing
  • Risk transfer and financing solutions – broking and insurance product development, reinsurance and insurance-linked securities.
  • Asset analysis based on environmental, social and governance (ESG) principles and the development of more sustainable, climate resilient portfolios
  • Analytical support for climate-related financial reporting and regulatory requirements
  • Developing talent and rewards strategies to support organizational objectives related to climate

Our heritage, skills and connections across markets support our focus on helping organisations navigate climate risk and implement an orderly transition, seize opportunities from the changing world and optimise value in the years and decades to come.

Climate Quantified in action

  • We assess natural catastrophe risks for hundreds of (re)insurers worldwide.
  • We are the leading reinsurance broker for the world’s largest multi-sovereign parametric natural catastrophe emergency response programs.
  • We are supporting companies with their TCFD (Task Force for Climate-related Financial Disclosures) preparations and submissions.
  • We have worked with major property companies to improve their knowledge of physical and transition risk, and to manage operational resilience and investment strategy across their businesses.
  • In collaboration with top academic institutions, we are supporting governments in their efforts to enhance national investment decision-making, by allowing them to prioritise specific areas and sections of their infrastructure networks based on the exposure of social and economic value to climate risks.
  • Willis Towers Watson Securities is a leading arranger of catastrophe bonds.
  • We have been supporting a number of UK insurers to meet the requirements of the PRA climate stress tests
  • Working with one of the largest financial institutions in the world, we have assessed the exposure of its real asset portfolios to climate risks, resulting in a series of follow-up phases aimed at reshaping internal decision-making based on our climate analytics.
  • We supported a large bank to understand its climate risk exposure on a large rail infrastructure project. This engagement focused on physical risks to assets and anticipated downtime following damage as part of creating a common asset resilience language.
  • We advise on insurance policies for coral reefs and other marine and terrestrial natural capital via our Global Ecosystems Resilience Facility.
Download
Title File Type File Size
Climate Quantified Brochure PDF 1.3 MB
Contact Us

Related Solutions