Introduction to Climate Consulting
Commercial and specialty lines insurer HDI Global has introduced Climate Consulting, a new service designed to help businesses assess and mitigate climate-related risks. This service allows companies to create targeted strategies to reduce their exposure to acute and chronic physical climate risks in specific locations.
Proactive Risk Mitigation
Climate Consulting helps businesses proactively respond to the shifting conditions brought on by climate change, such as extreme weather events, rising temperatures, and more frequent heavy rainfall. By understanding these risks, companies can take preemptive action, HDI Global stated.
Expert Insights
Lars Regner, Head of Resilience Services at HDI Risk Consulting, said: “With Climate Consulting, we are addressing the growing demand from our clients for actionable, operational recommendations that enhance climate resilience. With Climate Risk Reporting, HDI has been offering companies support since last year to help them comply with the regulations required by the EU taxonomy.”
Regner added: “Businesses that recognise their heightened exposure to climate risks are seeking ways to implement effective mitigation methods. Climate Consulting supports these companies with recommendations based on solid data and on-site visits – helping identify and manage climate risks and increase their resilience in the long run. Through a comprehensive technical risk assessment of specific plants, processes, and operations, Climate Consulting analyses future physical climate risks and proposes effective risk-mitigation strategies.”
Comprehensive Risk Assessments
Climate Consulting provides comprehensive physical climate risk assessments, projecting exposure through 2100 across multiple scenarios. The service delivers actionable recommendations through detailed desktop analysis of local climate, topography, and hazard history, as well as targeted on-site inspections to identify vulnerabilities in infrastructure and operations, and customized risk advisory reports with practical mitigation strategies.
Strategic Partnership
Dr. Dirk Höring, Member of the Executive Board of HDI Global, responsible for Property, Engineering and Marine Insurance as well as HDI Risk Consulting, underscores the importance of this initiative: “By embedding Climate Consulting in our service portfolio, we reinforce our role as a strategic and reliable Partner in Transformation helping businesses navigate the growing complexities of climate risks. We offer holistic and future-oriented solutions to overcome climate-related challenges and strengthen the resilience of companies in the long term. Climate change is advancing, and even in the absence of immediate natural catastrophes, businesses must recognise their vulnerabilities and take proactive steps to protect themselves. It is crucial to know your risk and how to protect yourself.”
