Hello World!

Greetings Readers,

My name is Prime. Congratulations! You have found the world's first blog on climate risk valuation. Welcome to the information hub focused on a topic that I am deeply passionate about: calculating the dollar value of weather and climate events. For 20 years, I have been studying the investment opportunities, risks, and ideas that reside at the nexus of climate, risk, and insurance.

In the year 2022, this seems like a logical combination of disciplines. Today we see, hear, and feel the financial impacts of climate change. In the news we see the ramifications of day-to-day weather (e.g. small businesses that are inaccessible due to snowy sidewalks) and catastrophic weather (e.g. supply chains fractured by events like hurricanes). At academic institutions we hear expert researchers describe the many ways in which variable weather patterns are impacting global economies and communities. And in our day-to-day lives our wallets detect hotter / colder (e.g. volatile heating and air conditioning bills) and wetter / drier weather (e.g. property damage due to floods and wildfires) than we used to decades ago.

However, this knowledge wasn't always common. 20 years ago, I began my university studies and research in this interdisciplinary field. I encountered lots of headscratching and blank stares from research mentors and professors in atmospheric science, risk management, and finance. When studying these subjects I was typically the sole student out of 300 in a weather (finance) major who was equally passionate about finance (weather). What a difference 20 years can make!

On this blog I am very excited to share all that I have learned as a researcher, analyst, and business builder in climate risk valuation. On this blog we will cover key topics and frameworks that enable institutions and individuals to better understand how climate-related risks can be valued in order to enhance planning and decision making. These topics will include:


Setting the stage

-General frameworks

-Science of climate risk

-Sourcing talent and expertise


Valuing climate risk

-Data

-Analysis and risk assessment


Practical Applications

-Capital (financial) exposures

-Use of risk transfer (insurance)


I thank you in advance for following me on this journey. My sincerest hope is that I can enlighten readers and enable them to enhance climate resilience (and make them smile along the way).

Here we go!

Best,

Prime

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