Insurance Asset Risk Awards 2023 - UK & Europe

Portfolio climate risk solution of the year: Ortec Finance's ClimateMAPS Scenarios

Ortec Finance's ClimateMAPS has won the portfolio climate risk solution of the year for its ability to capture for its clients the networked effects of climate change, interconnections and feedback loops.

ClimateMAPS enables financial institutions to quantify their portfolio exposure to systemic climate-related financial risks and opportunities by modelling extreme and long-term physical, transition and market risks.

By explicitly modelling 20+ distinct climate policies, the solution explicitly analyses how the global economy will be impacted by climate change from a top-down perspective that other models understate..

Judges appreciated the robust set of climate scenarios and the highly granular sectoral and regional coverage of over 580 sector-region combinations. Judges also praised the solution's ability to explicitly, and separately, model gradual physical and extreme weather risks, with the ability to disentangle the contribution of transition, gradual physical, and acute physical risks from one another.

With strong examples of how ClimateMAPS has been used to shape client strategy, judges branded the offering as an "excellent proposal".