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Services of interest

Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit

Library: BCG – An Insurance Risk Framework for Climate Adaptation

The BCG report titled “An Insurance Risk Framework for Climate Adaptation” discusses strategies for insurance companies to adapt to increasing climate risk. Extreme weather events are causing over $1 trillion in damages and insurance claims are skyrocketing. Coverage is becoming unaffordable and unavailable in some high-risk areas.

  • Weather-related losses are projected to spike 35-120% in major markets by 2040. Insurers face falling profitability and customers face unaffordable rate hikes of 30-60%.
  • BCG proposes an integrated risk framework across the value chain of risk assessment, policy management, and claims. It identifies actions for insurers, clients and public sector collaboration.
  • Insurers must enhance risk modelling capabilities with advanced forecasting, establish internal climate centres, use AI to analyse spatial imagery, and invest in open data platforms.
  • Insurers should fund research on prevention, use AI in underwriting, forge alliances with resilient builders, and pursue standardized mitigation discounts.
  • The industry can equip governments with data to improve climate resilience policies, collaborate through associations to advocate policy changes, and directly work with cities/communities on adaptation plans.

Summary Conclusion:

This risk framework can guide insurers and stakeholders to build resilience. Through shared data, coordinated adaptation strategies and policy advocacy, the insurance industry can lead the transition to sustainable climate risk management.

Link to full report: click here

Please note the TDI editorial team uses AI to support the creation of this summary, but all content is reviewed and edited before publication.

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