Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • State Farm Still Wants a 30% Rate Increase in California
  • 2024 P/C Combined Ratio Best in More Than a Decade
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Guy Carpenter Launches Suite of Climate Advisory and Modeling Services

July 9, 2021
Email This Subscribe to Newsletter
  • Article

Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching environmental, social and governance (ESG) programs.

Climate change is increasingly influencing the frequency and severity of natural catastrophe perils with physical climate risk creating both acute and chronic threats, said Carpenter. In tandem, the shift to a less-polluting lower-carbon economy is spawning multiple transition risks, while failure to manage these physical and transition exposures is generating the potential for liability risks.

To enable its clients to navigate the multitude of challenges created by this environment, Guy Carpenter has established an integrated range of services designed to address multiple facets of physical and liability risk, while at the same time partnering with other Marsh McLennan businesses to also tackle transition risk.

Key Marsh McLennan services include:

  • Physical risk modeling – natural hazard risk assessment and risk modeling, exposure data enhancement, adjustment of catastrophe models
  • Risk governance and regulation – capital modeling and solvency capital requirement calculations, regulatory compliance processes
  • Risk transfer – traditional risk transfer, parametric instruments and catastrophe bonds
  • New institutional arrangements – advice on public risk transfer solutions and public/private partnerships
  • Insurance solutions – risk underwriting for new technologies and infrastructure.

“The myriad challenges resulting from climate change have initiated action, with early adopters seeking to demonstrate best-in-class responses to these issues,” commented Peter Hearn, CEO of Guy Carpenter, in a statement.

“To reach that level, clients must gain clarity around critical areas such as their physical exposure to climate risk, how they manage transition risk, how they address potential liability risk, and how they underwrite towards greener outcomes. By offering this wide spectrum of climate-focused services and collaborating with the wider Marsh McLennan businesses, we can help our clients achieve that clarity,” he continued.

Guy Carpenter said it is “uniquely positioned to help its clients understand which perils and regions are most at risk due to climate change.”

By using catastrophe modeling tools suitable for different future time horizons and warming assumptions, geographic accumulations of risk and/or underwriting, it can enable companies to quantify the impacts under potential climate scenarios on the overall volatility and tail risk of their insured portfolio.

By applying a combination of modeling techniques, proprietary risk assessments and the latest in scientific research, clients can prioritize their climate-related activities, while also benchmarking the success of their approach against industry peers.

Working in tandem with Marsh, Oliver Wyman, and Mercer, Guy Carpenter is also able to provide services to its clients that span several other climate-related areas. These services include transition risk modeling, climate investment portfolio modeling, asset-level resilience surveys and scoring, and commercial due diligence.

“Managing climate risk is becoming an increasingly prominent component of an organization’s overarching environmental, social and governance approach, with the majority of our clients expressing a strong desire to develop robust strategies on this front,” said Dean Klisura, president, Guy Carpenter.

Topics Lawsuits Liability

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
Captives to Remain Viable as Market Softens: RIMS Panel

Interested in Lawsuits?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Climate Change, Climate change risks, climate risks, environmental social and governance (ESG) criteria, Guy Carpenter, Guy Carpenter & Co., Markets/Coverages
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
Thames Water Tops List of Firms Facing Criminal Probes Over Pollution
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal
Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B
Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
More News Features

Read This Next

  • Guy Carpenter Launches Suite of Climate Advisory and Modeling Services
  • US House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power
  • Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
  • Burger King Must Face Lawsuit Over Whopper Ads
  • New England's Shield Health Settles Data Breach Cases for $15.3 Million

Insurance Jobs

  • Business Insights Delivery-QlikSense Lead - Hartford, CT
  • Virtual Assist Auto Adjuster – Remote - Texas, TX
  • Catastrophe Field Property Adjuster, Dallas – Fort Worth Area - Dallas, TX
  • OCIP Administrator - New York, NY
  • Sr. Middle Market Commercial Underwriter, Account Executive Officer - Blue Bell, PA
MyNewMarkets
  • 5 Ways to Prepare for Healthcare Liability Changes in 2025
  • What's Next For Workers' Comp?
  • Soft D&O Market May Come to an End as Risk Complexities Rise
  • Exclusions: Active Assailant Coverage - Oh My!
  • 10 Things to Know About Insuring Boats & Marinas
Claims Journal
  • Report Shows Cargo Theft Risk at All-Time Highs as Memorial Day Weekend Nears
  • Department of Labor Keying in on Workplaces with Highest Injury Rates
  • Court Says Google, AI Firm Must Face Mother's Lawsuit Over Suicide of Son
  • State Farm Still Wants a 30% Rate Increase in California
  • No NOAA Large-Disaster Data Could Hurt Insurer Grasp of Secondary Perils, Says AM Best
Academy of Insurance education
  • May 22 Commercial Property: Five Bombs and How to Defuse Them
  • June 5 E&O and Hard Markets: How Trying to Keep a Client Might Cause Trouble
  • June 12 Rating AI Tools: Balancing Functionality and Security
  • June 19 Can You Hear Me? Yes, I Am Listening!

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map