Physical Climate Risk Methodology
Scientific Risk Management
Specialised for Financial Services
Learn Spectra's Methodology
Robust, glass-box science is the bedrock of Spectra.
We combine market-leading, MRM-aligned climate risk modelling with global asset data for authoritative, actionable financial impact figures.
With Spectra, you can assess a complete range of hazards across multiple regions with high accuracy.
Methodology
Forward-looking data modelling for the future of physical risk
Climate change is non-linear: the future won’t look like the past.
Don't rely on data from past disasters to model future extreme weather scenarios. Financial Services professionals need forward-looking data they can trust to project physical risk: Spectra.
Transparency
All in-house models, consistent across all hazards / perils
Harnessing physical modelling by our PhD scientists.
Only an integrated suite of models, based on a consistent technical foundation, can deliver fully interoperable results across hazards.
Models within Spectra are developed fully in-house by leading scientists, deploying consistent science and methodologies across a complete range of hazards — a robust physical foundation for financial risk assessment.
Glass-box
Methodology
Know where your numbers are coming from. We supply all the documentation you need to understand your calculations: defensible, audit-grade data you can trust.
Active
Model Risk Management (MRM)
Independent model reviews, updated within an MRM framework, to ensure best practices in design and implementation, identify limitations, and incorporate the latest science.
Coverage
One solution. All hazards. Everywhere.
Global Reach with Comprehensive Hazard Coverage.
Our framework is relevant around the world for globally consistent risk modelling, whatever your asset location in the main global economies.
Spectra’s proprietary modelling covers a complete range of hazards aligned with EU Taxonomy. Assess the probability and severity of 11 hazards relevant to asset specifications.
Flooding
Flooding
Flooding
Cyclones
Surge
Heat
Approach
Solid Foundations
with no Exceptions.
Based on the IPCC framework.
Spectra simulates the possible impact of extreme weather events on your specific assets, based on the IPCC framework for disaster risk comprising hazards, vulnerability and exposure.
The three layers are integrated to give your financial loss calculation at a portfolio or asset level, in an automated report. Output metrics include hazard probability, severity, model accuracy and financial losses.
Leverage physical risk intelligence data for your business, all in one in place, easy to interpret.
Explore Spectra’s applications
Talk to our experts today
You're just a step away from accessing your personalized, free demo of our climate risk management platform, Spectra.
- Discover how Spectra effortlessly integrates physical risk assessments across your operations.
- Engage directly with our product experts to get immediate answers to any questions you may have.
- Dive into real success stories demonstrating how Spectra helps firms assess the financial impacts of climate change, increase competitiveness, and achieve much more.
