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MSCI, Swiss Re Partner to Help Financial Sector Assess and Manage Climate Risk
Investment data and research provider MSCI and Swiss Re Reinsurance Solutions announced the launch of a new collaboration, aimed at enabling financial sector companies to assess, manage and mitigate their physical climate risk.
The new collaboration will bring together MSCI’s GeoSpatial Asset Intelligence with Swiss Re’s proprietary natural catastrophe and climate risk data and insights, including its CatNet tool. MSCI’s GeoSpatial Asset Intelligence utilizes AI-powered data collection and mapping capabilities, providing users with location-based insights into physical risks from portfolios and loan books. Swiss Re’s CatNet is a location intelligence tool providing assessments of natural hazard exposure, using maps and satellite imagery, and factors including data about climate change and catastrophic event impact.
According to the companies, the new collaboration aims to provide financial institutions with in-depth and asset-level physical climate risk insights, enabling them to develop strategies to assess and mitigate physical risks for individual assets, companies, portfolios and loan books.
Richard Mattison, Global Head of ESG and Climate at MSCI, said:
“Our innovative collaboration with Swiss Re is a significant leap forward in advancing physical risk insights for financial institutions. By delivering precise, location-based intelligence, we empower clients to navigate the evolving risk landscape with confidence and build more resilient investment strategies.”
Ali Shahkarami, Global Head of P&C Solutions at Swiss Re, added:
“We are committed to providing accurate data and best in class physical risk insights to the market. This cooperation will benefit financial institutions globally, aligning with our vision of making the world more resilient.”