Climate Risk Will Require Models To Be Overhauled, Replaced: Survey
Over 80% of insurers surveyed said their risk models will need to be upgraded or replaced.
Over 80% of insurers surveyed said their risk models will need to be upgraded or replaced.
Whether it’s physical or transition risk, investors are are often stumbling in the dark.
Government bond issuers, including the US, will pay more to investors to buy their climate crippled debt, but models don’t even take into account extreme weather scenarios.