Full recording and presentation of the Ortec Finance webinar on Predict Ability Ltd (PAL) - 19 March 2020
Insights - presentation
During last week’s webinar, all great features of the PALgamma model were presented as Ortec Finance has recently acquired Predict Ability Ltd (PAL).The PALgamma model is an extreme weather risk & climate-change related impact model. It is uniquely positioned to quantify year-on-year and region-by-region exposure to physical climate risk and to forecasting the financial impact of climate related extreme weather events.
PAL enables financial institutions to quantify future climate change related physical risks per climate pathway based on the client’s specific geographical exposure to these risks.
This is relevant for financial institutions such as Banks, Real Estate Managers, Pension and Insurance companies
During the webinar, we informed you on the capabilities and added value of PAL for financial institutions, to calculate the financial impact of extreme weather on Mortgage risks, Real estate valuation, P&C underwriting risks and Capital market assumptions.
Enhance in-house catastrophe models (P&C, liabilities, etc.) with forward-looking climate scenario information
Recalculate real estate or mortgage portfolio physical risks
Upgrade climate-related physical risk disclosure
Calibrate carbon pricing measures against the climate change-related impact of carbon emissions
Ortec Finance contributes to NGFS occasional paper: Case studies of Environmental Risk Analysis Methodologies
Central bank network NGFS has recognized Ortec Finance’s Scenario Analysis for Systemic Climate Risk as one of tools that can be used to analyze the potential impact from transition and physical risks associated with climate and other environmental factors on financial institutions.
Climate Risk quantification for financial institutions
Two papers on climate scenario analysis for financial institutions, written in collaboration with the Institute and Faculty of Actuaries. These papers explore how scenario analysis can be used as a tool for forward-looking assessment of climate-related risks and opportunities for financial institutions.
Comparing COVID-19 to the bursting of the carbon bubble
In the current environment, the realization of what it means to be exposed to systemic risk has never been so clear. Coronavirus is disrupting the global economy and financial markets effecting all sectors and regions.