11/21/2018 5:21:00 AM

Source: Business Insurance

A report by insurance industry think tank the Geneva Association said that catastrophe modeling can be combined with the latest climate science to better understand the impact of weather risk on assets, operations and investments, Verdict.co.uk reports. This can then be used to develop risk management measures, as well as to assess and mitigate extreme weather risk across the life cycle of infrastructure projects, and offer additional risk transfer and investment opportunities.