Alice Chambers |
Howden, an international insurance group, has launched the Howden Resilience Laboratory, a platform powered by Microsoft’s cloud services to model climate scenarios and assess financial impacts for its customers.
The platform uses Azure, Microsoft 365 and Dynamics 365 to process large volumes of environmental, societal and financial data. It then presents that information to help decision-makers understand and manage climate risks by offering advanced climate risk modelling and scenario simulation to evaluate impacts on supply chains, biodiversity and society.
“This collaboration with Microsoft allows us to create a world-class innovation hub powered by data, AI and computation to model climate scenarios and assess financial impacts, which will enable strategic and confident investment decisions that protect assets and businesses,” said Lyn Grobler, chief information officer at Howden. “
Bill Borden, corporate vice president of worldwide financial services at Microsoft, said: “At Microsoft, we are dedicated to empowering industries with the technology needed to tackle critical issues like climate change. The Howden Resilience Laboratory is using technology and data platforms to model, understand and mitigate climate risks in ways that were previously unachievable. Together, we are helping businesses make informed decisions that not only manage risk but drive long-term sustainability and resilience.”
Howden and Microsoft will showcase the new platform at Climate Week NYC 2024