The Liberty Mutual Climate Transition Center has published a paper titled "Uncovering the Complexity of Physical Climate Risk: Insights from the Insurance Sector," which explores the complexity of conceptualizing, managing and mitigating physical climate risks. Targeted at risk managers within companies, the paper proposes a physical climate risk management framework that can serve as a foundation for companies to begin mapping and managing their physical risks.
Regardless of industry, geography and perceived risk, companies have the opportunity to strengthen their own risk management capabilities and partner with experts from the insurance industry to develop effective mitigation strategies and ensure business resilience.
Read the full paper here.
