Globally, there is increased concern for the potential impacts of extreme climate events in terms of losses and damage to people, assets & infrastructure, property and society as a whole. Plenty of evidence provided by, e.g., the Intergovernmental Panel on Climate Change (IPCC) and the scientific literature, but also by the insurance sector, supports these concerns, indicating clearly that both, overall and insured losses and damages are on the rise, and that a major part of these developments can be attributed to climate change.
New multi-hazard and multi-risk models, catastrophe (CAT) models, tools, and services aimed at providing reliable and probabilistic climate information to a broad range of public and economic sectors are currently being developed in close collaboration with users. Innovations in this regard can provide the means to, e.g., better understand costs and benefits of adaptation and more accurately underwrite risk by insurance and re-insurance companies, who serve as key implementers in increasing societies’ resilience and recovery from extreme events. Such services are crucial in order to facilitate effective and evidence-based adaptation planning by for example cities, regional authorities and other sectors.
This session invites contributions that: (1) highlight the current state-of-the-art in climate change hazard and risk assessment related to extremes and high impact events such as floods, storms, droughts and heat waves, including compound events; (2) demonstrate the applicability and added-value of such analyses (or tools based thereupon) for stakeholders and practitioners with a particular focus on insurance and adaptation in different sectors; and (3) foster discussions on new scientific methodologies, good practices and emerging standards between scientists and practitioners across disciplines and application areas. Papers related to all aspects of climate hazard and/or (economic) risk assessment and attribution covering all geographical areas are welcomed, regardless of whether they are focused on single hazards (risks), multiple hazards (risks), or a combination or cascade of hazards (risks). Contributions related to projects funded under EU H2020, Copernicus Climate Change Services (C3S), ERA4CS, JPI Climate and other larger scale climate service programmes are especially encouraged.
This session is endorsed by the European Climate Research Alliance (ECRA)’s Collaborative Programme on High Impact Events and Climate Change.