Core Insights - S&P Global Energy and Verisk have announced a collaboration to provide climate catastrophe exposure data and insights for the financial and insurance sectors, aiming to quantify the financial impacts of climate and natural catastrophe events [1][2] - This partnership addresses the urgent need for robust risk analytics in light of recent record-setting losses from natural hazards, creating a new industry benchmark for climate risk intelligence [1] Industry Applications - **Real Estate**: The collaboration offers insights and modeling capabilities to understand insured and uninsured risks, helping identify growth opportunities [1] - **Asset Management**: It enhances climate and physical hazards risk analysis with decision-grade data, allowing asset managers to mitigate climate-driven risks across real estate holdings [1] - **Finance**: The partnership meets rising regulatory and investor expectations for climate-risk disclosure, providing actionable insights for effective risk-mitigation and lending strategies [1] - **Insurance**: It reduces uncertainty in underwriting future climate-related flood exposure, enabling banks and insurers to enhance portfolio stress testing and optimize capital allocation [1] Data Integration and Innovation - Verisk's climate catastrophe risk data will be integrated into S&P Global Sustainable1's climate risk platform, allowing for the assessment of insured versus uninsured losses due to climate change [1] - The collaboration will also incorporate climate-adjusted inland flood data with Verisk's event simulations to model future climate events through 2050, providing a cutting-edge dataset for insurers [1] - The combined risk intelligence metrics will empower clients to quantify, disclose, and manage exposure to financial impacts from physical hazards and climate risk [1]