Argo Group recognizes the impact of climate change on the global community, and that is why we consider climate change in both our modeling of risk exposure and our underwriting decisions. We have developed our own view of risk, which is used to make underwriting and management decisions. It is based on a combination of third-party vendor models, plus our proprietary adjustments.
In cases where a model does not exist or is not appropriate, we have developed proprietary models: for example, for North American wildfires, marine, political violence, clean energy, and others. We further demonstrate our commitment to addressing climate change issues through our active membership in ClimateWise, a global insurance industry leadership group facilitated by the University of Cambridge Institute for Sustainability Leadership. As part of our membership, we endeavor to adhere to the ClimateWise Principles, which guide members’ contribution to the transition to a low-carbon, climate-resilient economy. In 2019, we were honored to have Argo Group SVP, Head of Analytics, Dr. Federico Waisman elected to the ClimateWise Managing Committee. Argo Group has also organized external events, linked below, to raise awareness within the reinsurance market of the various third-party models and their underlying assumptions and data and, specifically, their application in the context of climate risk/climate change.
Learn more about our Research and Development team
View the U.S. Flood Model Showcase.
View the Hurricane Model Showcase.
Read “Comparing Flood Maps” from Risk & Insurance.