Insurers pivot to science-based cleantech risk modeling

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Insurers pivot to science-based cleantech risk modeling

//science-technology.news-articles.net/content/2 .. ot-to-science-based-cleantech-risk-modeling.html

Published in Science and Technology on Friday, February 7th 2025 at 18:42 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

The article from MSN discusses how insurance companies are increasingly adopting science-based cleantech risk modeling to better assess and manage risks associated with climate change. Traditional risk models are becoming outdated as climate patterns shift, leading insurers to integrate advanced technologies like AI, machine learning, and real-time data analytics to predict and mitigate risks more accurately. This shift is driven by the need to understand the impacts of climate change on physical assets, from natural disasters to gradual changes like sea level rise. Insurers are now using these models to price policies more accurately, reduce exposure to high-risk areas, and encourage sustainable practices among policyholders. The adoption of cleantech not only helps in managing financial risks but also aligns with global sustainability goals, promoting resilience against climate-related events.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/money/general/insurers-pivot-to-science-based-cleantech-risk-modeling/ar-AA1yCyPK ]