Climate Risk and Resilience: Industry’s Challenges and CIRCAD’s Role

Abstract

In Fall 2024, the Center for Innovation in Risk Analysis for Climate Adaptation and Decision-making hosted industry attendees at its 2024 Climate Risk and Resilience summit, with the goal of identifying what the insurance and reinsurance sectors need to lead efforts to address society’s climate risk and resilience challenges. Attendee insight, collected via a brief survey, suggested the main concerns to be related to data and risk modeling, and other concerns to be related to financial and insurance issues, as well as needs for greater collaboration. Respondents identified that a center like CIRCAD would be capable of providing modeling and research support and supporting organizations’ convening and communication needs.