Open-source Tools for Physical Risk Analysis: Difference between revisions

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Created page with "thumb|https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en thumb|https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en The European Insurance and Occupational Pensions Authority (EIOPA) has developed open-source tools for modeling and managing climate change risks. These tools aim to enhance the accuracy of climate ri..."
 
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[[File:Eiopa.png|thumb|https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en]]
Intro:
 
* [https://wcr.ethz.ch/research/climada.html CLIMADA]: An open-source risk assessment model developed by ETH Zurich. It uses probalistic modelling to estimate the expected economic damage as a measure of risk today. The model is well suited to provide an open and independent view on physical risk, in line with TCFD and underpins the Economics of Climate Adaptation (ECA) approach. As of today, it provides global coverage of major climate-related extreme-weather hazards (tropical cyclones, river flood, agro drought, and European winter storms) at high resolution (4km) for historic and some selected climate forcing scenarios (RCPs).
* [https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en An open-source tools] for the modelling and management of climate change risks is developed using CLIMADA by European Insurance and Occupational Pensions Authority (EIOPA)


[[File:EiopaApp.png|thumb|https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en]]


The European Insurance and Occupational Pensions Authority (EIOPA) has developed open-source tools for modeling and managing climate change risks. These tools aim to enhance the accuracy of climate risk assessment by providing cost-effective and user-friendly models for analysis. A key component is the CLIMADA-app, an open-source tool with an interface built by EIOPA, designed to facilitate catastrophe modeling. This initiative aligns with EIOPA's goal of bridging the gap between climate science and the insurance industry. Additionally, the webpage outlines various initiatives promoting open-source approaches in catastrophe modeling, underscoring the industry's move towards collaborative, data-driven solutions.<ref>https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en</ref>


For more detailed information, you can read the full content on their website: [EIOPA - Open-source tools for the modeling and management of climate change risks](https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en).
For more detailed information, you can read the full content on their website: [EIOPA - Open-source tools for the modeling and management of climate change risks](https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en).

Revision as of 18:42, 19 September 2024

Intro:

  • CLIMADA: An open-source risk assessment model developed by ETH Zurich. It uses probalistic modelling to estimate the expected economic damage as a measure of risk today. The model is well suited to provide an open and independent view on physical risk, in line with TCFD and underpins the Economics of Climate Adaptation (ECA) approach. As of today, it provides global coverage of major climate-related extreme-weather hazards (tropical cyclones, river flood, agro drought, and European winter storms) at high resolution (4km) for historic and some selected climate forcing scenarios (RCPs).
  • An open-source tools for the modelling and management of climate change risks is developed using CLIMADA by European Insurance and Occupational Pensions Authority (EIOPA)


For more detailed information, you can read the full content on their website: [EIOPA - Open-source tools for the modeling and management of climate change risks](https://www.eiopa.europa.eu/tools-and-data/open-source-tools-modelling-and-management-climate-change-risks_en).

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