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CLIMATE RISK COALITION

Milliman Climate Resilience Initiative

Climate change is not a problem that will be solved in silos. As experts in modeling complex risks, Milliman has a unique view into our climate future and its cascading effects on governments, businesses, and communities. With the MCRI, we’ve assembled a multidisciplinary team from around the world to measure the most pressing risks and drive effective responses.


Because complex doesn’t mean unsolvable.

What's trending

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Research report

Extreme weather in Europe

Analyzing the impact of droughts, floods, and other 2023 events to help insurers manage the risks posed by climate change

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webinar

The WUI Data Commons: Driving wildfire resilience through data transparency

Increasingly, large and destructive wildfires are devastating WUI communities and destabilizing homeowners insurance markets. In the face of these rapidly changing conditions, insurers and reinsurers need accurate and comprehensive information to better understand and manage the risk.

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Press release

Milliman wins “Climate and sustainability consultancy of the year”

Milliman, Inc., a premier global actuarial, consulting, and risk management firm, today announced that the firm has won “Climate and sustainability consultancy of the year” in the 2024 InsuranceERM Climate Risk & Sustainability awards.

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video library

Watch MCRI webinar sessions on demand

Learn how financial, regulatory, and community leaders from around the globe are collaborating to strengthen climate resilience.

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INSIGHT

The latest MCRI publications

 
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Article

If there were a 1 in 6 chance of 8°C degrees of warming, what would you do differently?

We sought to provide an update on current climate science, identified significant gaps in climate scenario modelling and emphasised the need for a paradigm shift in risk management strategies.

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White paper

Greenwashing and climate transition plans

Summary of notes from our Pinsent Masons and Milliman joint October forum

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White paper

Beware “net-zero” mortality and morbidity!

While this phrasing may echo the net-zero climate emissions target, is it a reasonable assumption? Is this net-zero ‘echo’ a potential trap?

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White paper

The rise and fall: Climate change and inflation modelling

In this article for the UK’s The Actuary magazine, we explore the relationship between climate change and inflation modelling.

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Article

Embedding sustainability within insurance governance frameworks and risk culture

This article explores how (re)insurers can embed sustainability within governance frameworks and risk culture.

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Benchmarking survey

South African insurance industry climate progress

Key observations from the inaugural Milliman Benchmarking Climate Survey in South Africa

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White paper

The impact of climate change on winter mortality: A complex phenomenon with an uncertain future

In this study, we detail the mechanisms of the impact of changing winter weather conditions on the human body, define the climatic variables of interest, and present appropriate models.

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Podcast

Climate Proofers: Nancy Watkins on climate risk and the US insurance industry

Milliman’s Nancy Watkins shares some thoughts on climate risk and the U.S. insurance industry on the podcast Climate Proofers.

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Article

Flood risk modelling in Europe

Projecting insured losses in the Netherlands and France for varying climate scenarios, using open data

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Briefing note

The 2023/2024 (re)assessment of natural catastrophe risk in the standard formula

This briefing note summarises these amendments across Europe, providing insight into the effects for natural catastrophe risk exposure in the Netherlands.

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AREAS OF EXPERTISE

Climate intelligence for key decisions

Whether it’s our breadth of expertise or data solutions, MCRI provides insight into the complex interrelationships between various climate risks.

Initiatives

Collaborations

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The UNDP-Milliman Global Actuarial Initiative

Milliman and the United Nations Development Programme have joined forces to grow the actuarial profession and strengthen safety nets around the world.

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MCRI cross-industry collaborations

MCRI members are working with leading organizations around the globe.

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Services

See how we’re anticipating, measuring, and responding to climate risk

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PRODUCTS

Data-driven solutions for climate resilience

Geographic rating insights

PinPoint

Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.

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Modern flood insurance program

Bungalow

Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.

Healthcare analytics

MedInsight

Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.

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Contact us

We’re here to help you break through complex challenges and achieve next-level success.