PAL has created a breakthrough in catastrophe modelling and climate investment risk. Our new computer system PALgamma is uniquely positioned to provide a multi-factor approach to quantifying year-on-year and region-by-region exposure to climate risk and to forecasting the financial impact of climate related events. Features include:
- natural disaster risk and analytics data by region, peril (cyclone, drought, flood) and year.
- interactive geospatial maps for visualizing risk and analytical data
- year by year loss estimation forecasts and value at risk reporting
- measurement of the proportion of losses that are attributable to climate change (PALca claims algorithm)
Our computer algorithm exhibits high correlation (96%) to reported historical worldwide loss data. Our loss estimation algorithm indicates a $47 billion improvement for 2015-2020 compared to traditional approaches.
Costing in the causal effects of greenhouse gas emissions on extreme weather events is a complex area. PAL’s unique, state-of-the-art catastrophe modelling techniques offer major, new improvements in climate risk reporting. As global exposure to climate risk approaches $1 trillion a year, can you afford not to have the knowhow?
If you would like to know more, please contact us to see how we can reduce your risk exposure.