A new climate risk advisory team is in operation today at Aon plc, providing services to financial institutions, public sector entities and firms with large real estate holdings who require both physical risk diagnostics and advisory services related to climate change.
They say more than 400 natural catastrophes occurred worldwide in 2022. “As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk,” the firm writes in a statement about the advisory team’s launch.
The advisory service will provide forward-looking scenarios, applying climate hazard data to individual asset locations, in an effort to understand key geographies at risk now and in the future. Risk modelling, exposure management and scoping strategies also form part of the firm’s services. They add that the team, in addition to making use of Aon’s extensive resources, will also draw on Aon’s 14 global academic collaborations giving the firm access to emerging climate research.
“I am excited to be leading a team whose insight has become increasingly important to insurers and reinsurers,” says climate risk advisory leader at Aon, Liz Henderson. “Our initial focus will be on financial institutions and public sector entities, which have an immediate need to understand their climate risks.”
