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Over the past 30+ years, Moody’s/RMS has been at the forefront of catastrophe modeling, developing and 91̽»¨ing models for the global (re)insurance market. Those offerings bring together carefully calibrated stochastic simulations of extreme events with detailed assessments of the vulnerability of a wide range of assets, covering a wide range of perils impacting key insurance markets. The models, designed to fully capture the risk from today’s climate, have been validated against extensive geophysical observations and against hundreds of billions of dollars of claims data. As part of our offering, and using an extension of the same framework, we also provide for many of those models a view of future risk for a range of scenarios.

In this presentation, I will provide an overview of the catastrophe modelling framework and how it is applied in the financial sector. I will then present Moody’s/RMS offerings and how we leverage climate modeling output in our work, with a specific focus on our ongoing interactions with the academic community.