Designing global event sets of floods and tropical cyclones under future climates for underwriting, capital management and regulatory purposes

With mounting pressure coming from regulators and other bodies worldwide, the financial services industry (banks, insurers, and reinsurers) will soon need to disclose and stress test their solvency and profitability to various climate scenarios. The work from the Task Force on Climate-related Financial Disclosures (TCFD) thus provides guidance as to how it should be accomplished. Physical risk assessment of the impacts of climate change remains however an important challenge for the global reinsurance industry requiring catastrophe models to be connected to climate models. The general objective of the research project is to build global event sets of floods and tropical cyclones that are consistent with future climate and socioeconomic scenarios to support financial risk management for insurers and reinsurers, climate-related financial disclosures and stress tests, as well as strategic long-term decision-making.

Dominic Matte;Roberto Ingrosso
Superviseur universitaire: 
Mathieu Boudreault
Partner University: