One Concern, a resilience-as-a-service solutions provider with a focus on providing upfront information on potential financial impacts of climate related loss events, and broker plus advisor WTW, have teamed up with a goal to accelerate the adoption of parametric insurance solutions.
As we’ve explained before, One Concern provides climate related analytics, but with a unique approach in using artificial intelligence to try and understand, estimate and forecast the potential implications of climate and weather catastrophes.
The company recently launched its first full digital twin, alongside a data service to help companies understand the implications of events, which we explained has ramifications and provides a glimpse of the future that can help in designing risk transfer and insurance-linked securities (ILS) products.
FULL ORIGINAL PUBLICATION HERE