The World Economic Forum has identified extreme weather and the failure of climate change mitigation and adaption as the most likely and highest impact risks globally. Company directors are now required to consider risks associated with climate change, which extends beyond physical property to supply chains and intangible assets. Meanwhile, cyber risk is a constantly evolving threat that remains a significant challenge for industry.
In 2019, Risk Frontiers delivered updates to our Multi-peril Workbench with enhancements to our nationwide catastrophe loss models for the economic quantification of risk and return strategies. We also continue the development of a cyber risk model in partnership with the Optus Macquarie University Cyber Security Hub.
Our work with government encompasses a diversity of projects including understanding community risk perception, evaluation of resilience and recovery programs, research into catastrophic disasters and the development of resilience frameworks.
As a partner of the Australian Research Council Centre of Excellence for Climate Extremes, Risk Frontiers is well positioned to deliver the latest in climate change solutions to enhance our clients’ decision making.