Aon Launches Climate Risk Monitor 3.0 to Assess Heat Stress and Cooling Demand
Aon, a global professional services firm specializing in risk and insurance advisory, has released Climate Risk Monitor (CRM) 3.0, an updated platform designed to quantify physical climate risks. This new version introduces Heat Stress analytics, which evaluate how temperature, humidity, and exposure impact health, productivity, and economic performance. Additionally, CRM 3.0 features a Cooling Demand function to address rising energy needs for cooling systems, particularly in sectors like AI-driven data centers, while highlighting potential emission increases. The update also expands drought and water stress modeling by combining rainfall patterns with temperature data to better predict water scarcity risks. Enhanced with detailed hazard data based on observed weather events rather than solely historical models, the platform offers improved accuracy through bias correction techniques. Usability improvements allow clients to upload data directly, facilitating faster risk assessments. Global hazard mapping tools provide consistent worldwide views of climate risks through the end of the century. Aimed at insurers, reinsurers, and public sector organizations, CRM 3.0 supports better risk selection, pricing, and resilience planning against evolving physical climate challenges affecting communities and infrastructure.
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Aon Launches Climate Risk Monitor 3.0 to Assess Heat Stress and Cooling Demand
Aon, a global professional services firm specializing in risk and insurance advisory, has released Climate Risk Monitor (CRM) 3.0, an updated platform designed to quantify physical climate risks. This new version introduces Heat Stress analytics, which evaluate how temperature, humidity, and exposure impact health, productivity, and economic performance. Additionally, CRM 3.0 features a Cooling Demand function to address rising energy needs for cooling systems, particularly in sectors like AI-driven data centers, while highlighting potential emission increases. The update also expands drought and water stress modeling by combining rainfall patterns with temperature data to better predict water scarcity risks. Enhanced with detailed hazard data based on observed weather events rather than solely historical models, the platform offers improved accuracy through bias correction techniques. Usability improvements allow clients to upload data directly, facilitating faster risk assessments. Global hazard mapping tools provide consistent worldwide views of climate risks through the end of the century. Aimed at insurers, reinsurers, and public sector organizations, CRM 3.0 supports better risk selection, pricing, and resilience planning against evolving physical climate challenges affecting communities and infrastructure.
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