Aon launches Weather & Climate Risk Innovation network

Network is aimed at quantifying climate risk, developing risk financing strategies

Aon has launched its Weather & Climate Risk Innovation network, which will help clients evaluate the impact of weather-related events on their operations and develop risk financing strategies to improve their resilience.

“Given that most businesses are exposed to weather volatility at different points in their operations, there is clearly a demand for tailored and effective climate and weather solutions,” said Kurt Cripps, global head of weather at Aon Benfield. “Our data and technology enables us to offer firms customized parametric solutions that provide protection for the climate volatility and weather events most likely to adversely impact their revenues and profitability.”

In a press release, Aon said that its Weather & Climate Risk innovation network is focused on “quantifying risk, lowering the cost of capital for climate mitigation solutions, and closing the capital efficiency gap in infrastructure and chronic weather risks.”

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