Swiss Insurance company

Developing a climate risk scoring model scalable to the entire insurance portfolio and able to determine climate risk exposure in real time for any locations

Challenge

• Current climate risk scoring model is limited
• Scoring too time-consuming and inability to score for many locations at once
• Model needs to be scaled to the whole insurance portfolio

Solution

• Implemented new model in Big Data environment capable of ingesting high volumes of data
• Used external weather model to predict climate risk score and estimate impact on insurance portfolio

Impact

• High performance model now allowing to evaluate climate risk scores in real time
• Ability to display climate risk scores for any of the more than 2B locations in the insurance portfolio