Climate Change Edition
The comprehensive risk assessment and management solution for climate change
From now on you no longer need to be surprised by the consequences of climate change, but can clearly assess the related risks. And do so even up to 80 years into the future.
Building on one of the world’s most comprehensive databases for natural disasters as well as hazard modelling under different climate scenarios, this edition provides detailed information on the physical risk exposure for all locations worldwide, transforming data into clear structures for individual risk assessment. You not only have access to Munich Re’s extensive data collection, but can also incorporate your own data. Integrated into your digital workflows, it supports your spatial exploration, visualisation and evaluation. Accelerate and improve your business processes and support global portfolio control and claims management. From a single asset to multiple assets within a portfolio located in areas prone to acute and chronic climate risks such as extreme temperatures, extreme rainfall, drought, floods, sea-level rise, etc.
Benefit from the comprehensive Climate Change Edition
Scientific framework and modelling approach
Climate change is a critical issue facing both the global community and businesses. The Intergovernmental Panel on Climate Change (IPCC), a United Nations body, has established a framework which formed the basis for the Paris Agreement in 2015.
The new and innovative Munich Re physical climate hazard assessment services are based on this framework and use the Representative Concentration Pathways (RCP) for atmospheric greenhouse gas concentrations from the fifth IPCC Assessment Report (IPCC AR5, 2014).
Annual anthropogenic CO2 emissions (GtCO2/yr)
The available RCPs in Munich Re’s climate services are:
Most severe scenario leading to a warming at the end of the 21st century of probably more than 4°C relative to the pre-industrial period (1850–1900)
Intermediate scenario leading to a warming at the end of the 21st century of more than 2°C relative to the pre-industrial period (1850–1900)
Moderate scenario leading to a warming at the end of the 21st century of probably less than 2°C relative to the pre-industrial period (1850–1900)
The projection years for the three emission scenarios (RCP8.5, RCP4.5 and RCP2.6) are 2030, 2050 and 2100. The projections are a hybrid composite of local high-resolution CORDEX (Coordinated Regional Climate Downscaling Experiment, ~25–55 km horizontal resolution) models and global CMIP5 (Coupled Model Intercomparison Project Phase 5) models. Data for the reference period is based on the well-established current Munich Re model data (for tropical cyclone, river flood) and on ERA5 ECMWF atmospheric reanalysis data (for heat stress, precipitation stress, fire weather stress). The reference period for the climatological parameters is 1986-2005, and 20-year periods are used for the projections for more robust trend estimates.
The scores also contain present-day values, allowing the user to compare two points in time and thus evaluate the changes in different climate-related scenarios.
Scores you can count on
Climate hazard scores enable users to identify and measure how climate change will affect their physical risk exposure in the coming years. They are available for multiple time horizons and under several different RCP scenarios (Representative Concentration Pathways).
NATHAN hazard scores describe the hazard level of a location for all hazards.
NATHAN risk scores are a powerful tool which enable you to gain an overview of your risk situation and quickly identify high-risk assets. They aggregate the risk of each asset in the portfolio for geophysical, hydrological, meteorological and climatological hazards by drawing on data from Munich Re’s long years of claims experience and expertise in natural catastrophe modelling.