EcoSphere - An Environmental Risk Management Platform for the Insurance Sector

气候变化正以前所未有的速度影响着我们的星球。必须更好地评估实际风险，特别是洪水和野火等极端天气事件以及海平面上升等较长期影响，以确保我们为不断变化的世界的影响做好准备。气候和环境变化要求更复杂的风险模型和风险转移，以应对日益严重和频繁的灾难性事件。保险公司通常承保的风险正变得更加严重和不可预测。自20世纪80年代以来，自然灾害造成的年均实际损失增加了6倍多。在气候变化方面，保险公司需要致力于提供可获得和负担得起的产品，以应对灾害，同时帮助社区保险公司为气候变化的持续影响做好准备。拟议的项目旨在提供一个基于云的平台(CyStella生态圈)，为保险部门特定的风险选择和承保、准备金和费率制定、投资组合优化和索赔评估过程提供实时的气候变化和环境影响洞察。拟议的平台帮助保险部门进行全面和透明的实物风险和环境影响评估，目标是做出更可持续的保险和融资决策。该项目建议的方法和解决方案的总体业务好处可以在三个单独的广泛领域进行考虑：(1)将确保保险公司以考虑气候变化风险的方式分配资本(2)将保险资产的环境影响降至最低，并帮助缓解气候变化风险(3)与全行业的净零目标保持一致。建议的生态圈平台大规模集成、管理和保护来自地面传感器、空中监视平台和卫星数据的数据。此外，该平台还整合了来自天气预报、灾害和风险数据以及其他相关社会、政治和经济信息的数据。累积的信息将被处理并整合到(再)保险公司的工作流程中，将在全球几乎任何地方提供有价值的风险和气候变化影响洞察，并将直接与保单定价挂钩。

Climate change is impacting our planet at an unprecedented rate. The physical risks, notably extreme-weather events such as floods and wildfires, and longer-term impacts such as sea-level rise, must be better assessed to ensure we are prepared for the impacts of the changing world. Climate and environmental changes demand more sophisticated risk models and risk transfer to address the increased severity and frequency of catastrophic events. The risks insurers routinely cover are becoming more severe and unpredictable. Since the 1980s, average annual losses from natural disasters have more than sextupled in real terms. When it comes to climate change, insurers need to work on providing accessible and affordable products that respond to disasters but also help the communities insurers serve to prepare for the ongoing impacts of climate change.The proposed project aims to deliver a cloud-based platform (CyStellar EcoSphere) to provide real-time climate change and environmental impact insights into the risk selection and underwriting, reserving and ratemaking, portfolio optimization and claim assessment processes specific to the insurance sector. The proposed platform helps the insurance sector to undertake a comprehensive and transparent physical risk and environmental impact assessment, with the goal of making more sustainable insurance and financing decisions. The overall business benefits of the project's proposed approach and solution can be considered across 3 separate broad areas: (1) will ensure insurers allocate capital in a way that considers climate change risks (2) minimizes environmental impacts of the insured assets and helps mitigate climate change risks (3) aligns with sector-wide net-zero goals.The proposed EcoSphere platform integrates, manages, and secures data from ground sensors, air surveillance platforms, and satellite data at a massive scale. In addition, the platform integrates data from weather forecasts, hazard and risk data, as well as other relevant societal, political, and economic information. The cumulated information feed will be processed and integrated into the (re)insurers workflows and will offer valuable risk and climate change impact insights on almost any place on the globe and will be directly linked to the pricing of insurance policies.