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.
For more information download our fact sheet