New RMetS Reports: Climate Change Impact on Insurance Sector
In January, the Royal Meteorological Society, in partnership with Brit Insurance and WTW, held a workshop with experts from across UK academia and industry, to discuss the challenges around the use of weather and climate data, communication of science, and continued cross-sector collaboration.
Findings from the workshop highlighted a need for improved collaboration between academia and insurance to address challenges related to data sharing, communication of uncertainty, and the continued integration of climate change information into risk models.
Today, the Society publishes three reports that discuss the use and applicability of weather and climate information for insurance. The reports detail current useable climate data, and improvements that can be made to scientific study, communication, and research practice, to ensure actionable information is provided to business.