Allianz Commercial says its new Climate Adaptation and Resilience Services platform will allow businesses to analyse natural hazard risks across a 55-year timeline.  

Users can obtain data-driven assessments of risk across 12 perils for locations including operating bases, investment areas and supplier sites.  

The assessments deliver risk scores on current dangers and those projected for 2030, 2050 and 2080. 

The insurer says it will also offer tailored consultations for clients, providing recommendations to mitigate risks.  

Allianz Risk Consulting global head Michele Williams says $US138 billion ($211.36 billion) of insured losses from natural hazards were recorded last year.  

“No industry is immune to risks such as floods, droughts, storms or fires ... businesses are interrupted, and economic and insured losses are exploding into hundreds of billions of US dollars per year.” she said. 

“It is so important to understand climate risks and your exposure to them.

“This is why we developed CAReS, so our clients have the option to address and mitigate their risks as well as to avoid surging insurance costs in the future.”