Risk and reinsurance specialist Guy Carpenter has launched a wildfire risk score to help European businesses manage their exposures to this increasing peril. The score offers clients an assessment of their existing risk and can then be modelled to predict future changes given different climate scenarios.
Dr Jessica Turner, managing director, catastrophe advisory at Guy Carpenter, said: “The evolving threat posed by wildfire across Europe requires companies to adopt a data-driven approach to adequately assess their current and future exposures.
“This ground-breaking European Wildfire Risk Score will allow our clients to gain a more accurate understanding of both current risk and in a warmer world. The launch forms part of Guy Carpenter’s wider goal of supporting better underwriting and enhancing our industry’s resilience to a rapidly changing climate.”
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