The California Department of Insurance (CDI) has recently carried out the first ever climate stress test by a US state insurance regulator and they've used Asset Impact forward-looking data to do it!
The message is clear: delay is costly. Early transition towards a low-carbon economy not only aligns with the Paris Agreement but safeguards companies against the projected USD 7-40 billion in losses due to transition risks.
For the insurance industry and beyond, this report underscores the urgency of scenario analysis to proactively manage climate risk.
Our asset-based data offers a unique lens, mapping physical production data across technologies and ownership structures. This empowers firms to navigate the complex terrain of climate-related financial risks and opportunities with precision.
Read the full report here: https://www.insurance.ca.gov/01-consumers/180-climate-change/ScenarioAnalysis.cfm