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Climate and environmental modeling

Last update: 9/12/2024, 2:00:41 PM
Price changes
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1Y: +23.14%
3Y: +22.69%
Climate and environmental modeling refers to the scientific field that uses mathematical models and computer simulations to predict and understand changes in the Earth's climate and environment. This theme analyzes the interactions of various Earth systems such as the atmosphere, oceans, glaciers, and ecosystems to predict future climate changes and provide crucial data for environmental policy-making. As the severity of climate change has become more prominent recently, the importance of this technology has been further highlighted. The impacts of climate change, such as extreme weather events, sea level rise, and ecosystem destruction, are appearing globally, making accurate predictions and response strategies essential. Additionally, with the advancement of artificial intelligence and big data technologies, the precision of climate models has increased, allowing for more reliable predictions. For these reasons, climate and environmental modeling has become a very important research field among scientists and policymakers today.
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Verisk Analytics, Inc.

VRSK

Verisk Analytics, Inc. provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments. The company also provides life insurance solutions for transforming current workflows in life insurance underwriting, claim insights, policy administration, unclaimed property/equity, compliance and fraud detection, and actuarial and portfolio modeling; Marketing Solutions, such as compliant, real-time decisioning, profitability, and risk assessment for inbound consumer interactions; and international underwriting and claims solutions. In addition, it offers claims insurance solutions, which provides analytics in fraud detection, compliance reporting, subrogation liability assessment, litigation, and repair cost estimation and valuation solutions; and casualty solutions, such as compliance, casualty claims decision support, and workflow automation solutions. Further, the company supplies software to the specialty insurance market. The company was founded in 1971 and is headquartered in Jersey City, New Jersey.

Selected reason

  • Verisk Analytics, Inc. provides disaster modeling solutions.
  • Announced climate change predictions for the U.S. hurricane and Caribbean tropical cyclone models.
  • Developed a new Climate Risk Dataset to expand resilience and sustainability analysis.

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