Climate & Resilience Risk Workshop - Challenges of climate data services panel

NOAA and Liberty Mutual Insurance partnered to host the virtual Climate and Resilience Risk Workshop on October 5, 2021 that brought together key stakeholders such as governmental representatives, climate experts, and insurance, reinsurance, and finance industry professionals to discuss the policy landscape and explore the challenges with respect to climate data and community impacts of climate change.

Our first panel “Known, Unknown, Useful, Usable – Challenges of climate data services” focused on the current state of climate risk modeling (catastrophe and climate models). It explored what aspects of climate modeling and forecasting are known and what scientific data can be incorporated into catastrophe models to make them more suitable to assess risks in the mid-and-long-time horizons. It highlighted gaps in climate data, how those gaps hinder resilience planning, and what actions are needed to address those gaps.

Moderator: Steven Bowen, Managing Director and Head of Catastrophe Insight, Aon
• Adam Sobel, Professor, Columbia University
• Sarah Kapnick, Senior Climate Scientist and Sustainability Strategist, JP Morgan Chase & Co.
• Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance
• Thomas Knutson, Senior Scientist, NOAA Geophysical Fluid Dynamics Laboratory