Event Report: Trustworthy climate information for effective physical climate risk assessment
Climate analytics providers, asset managers, insurers and regulators met to discuss the quality and trustworthiness of climate analytics for finance and re/insurance.
On 21 and 22 October 2025, University College London (UCL) and the Barcelona Supercomputing Center (BSC) convened a group of 35 climate analytics providers, asset managers, insurers, and regulators met to discuss questions about the quality and trustworthiness of a growing market of analytics providers offering products ranging from raw climate data to tailored climate information services for the re/insurance and finance sectors.
This meeting was organised under the umbrella of two projects: UKRI’s Modeling for Decision Makingand the EU’s Climateurope2, with facilitation support of a team from UCL, BSC, the London School of Economics and Political Science, Maximum Information, Foresight Transitions Ltd, the UK Met Office, and Climate-KIC.
Why This Matters
There is a growing market of analytics providers offering products ranging from raw climate data to tailored climate analytics services for the re/insurance and financial sectors. The rapid market growth raises important questions about the quality and trustworthiness of what is being offered and whether standards would offer a promising path for analytics governance.
About the Workshop Report
The event highlighted both the urgency and complexity of strengthening governance in the climate analytics market for the re/insurance and finance sector. In this report, we summarize key insights for supporting standardisation of good practice within climate risk analytics.
