Turning Climate Science into Financial Insight: the IVM and Achmea deliver Climate Finance training
As an IVM PhD student affiliated with the Climate Finance Academy and working for Achmea (a Dutch financial conglomerate), the job of Daan van Ederen involves contributing original research to enhance our understanding of climate-related financial risks. While ongoing research is essential, we already possess extensive knowledge about climate change and the significant challenges it […]
Climate Adaptive Measures in a Neighbourhood Reduce Heavy Rain Damage
*Missing photo source* Extreme rainfall becomes more frequent and intense, leading to rising losses and damage. Climate adaptive measures decrease heavy rain damage significantly. This is a finding of a new study that climate researchers at the Climate Finance Academy (CFA) of the Vrije Universiteit published in Natural Hazards and Earth System Sciences. Comparison of […]
Smarter Hailstorm Understanding: How Machine Learning Could Change Hail Risk Management
Photo by David Trinks on Unsplash A recent study from the Red&Blue project, conducted by the Institute for Environmental Studies (IVM) at VU Amsterdam, explores how advanced data analytics can improve the understanding of hailstorm risks in the Netherlands. The scientific manuscript, titled “Hailstorm prediction and loss assessment using high-resolution hazard and claims data” has […]
Climateflation and fossilflation pose a real threat to financial stability
Photo: Advantus Media Inc. and QuoteInspector.com | Bronvermelding: QuoteInspector.com; Auteursrecht: © 2018 Advantus Media, Inc. and QuoteInspector.com The effects of climate change-related extreme weather events and fossil fuel prices can considerably spark inflation rates. That is the conclusion of a study conducted by researchers from the Climate Finance Academy, in collaboration with the Environmental Policy […]
Compound vulnerability functions for European winter storm losses
Photo: NASA Earth Observatory image by Lauren Dauphin, using VIIRS data from the Suomi National Polar-orbiting Partnership It’s impossible to ignore any longer: our climate has changed, is changing, and will continue to do so as long as we keep emitting greenhouse gases and engaging in large-scale deforestation [1]. These climate changes are leading, among […]
Insurance Drives Recovery and Protection After Floods
Photo by Structure-flex Homeowners are more likely to take protective measures after experiencing flood damage, especially when supported by insurance. However, when the damage is extremely severe, this willingness tends to decline. These findings come from a study on the 2021 floods in Western Europe, conducted by climate researchers at the Climate Finance Academy (CFA) […]
The state of the art and future of climate risk insurance modelling
As climate risks continue to escalate, understanding how risk-sharing mechanisms such as insurance can mitigate these impacts is more important than ever. Designing an insurance system that can cope with increasing losses attributable to natural disasters is complex. This complexity arises due to the low-probability high-impact nature of these disasters, the high spatial correlation of […]
A New Way to Assess Climate Risks for the Real Estate Sector
Photo by Portland Press Herald via Getty Images Climate change is rapidly becoming a financial risk that investors, banks, and insurers can no longer ignore. Floods, hurricanes, and other extreme weather events are increasing in frequency and severity, causing billions of euros in damages worldwide. However, despite these rising threats, financial markets have yet to […]
Understanding Windstorm Impacts: Insights from the Netherlands
Photo by Peter Dejong How do windstorms translate into damage and insurance claims? A recent study of Red&Blue, conducted by the Institute for Environmental Studies (IVM) of VU Amsterdam, delves deep into this question. It focuses on the Netherlands and provides key insights into the complex relationships between wind hazard intensity and resulting losses. The […]
Assessing the drivers of flood risk reduction action of businesses
Insurers can play a significant role in encouraging weather related damage reduction in businesses through early warnings and information. This is the main take away from the recently published article by Vylon Ooms, Policy Advisor Climate Change at the Dutch Association of Insurers. He is pursuing a Ph.D. at the Institute for Environmental Studies at […]
