EXOS Aims to Push Boundaries of Climate Insurability

Globally, the frequency and severity of weather-related events linked to climate change are already having an impact on the insurance industry. As a result, (re)insurers must take immediate action to assess and effectively manage climate change risk. This is due to the rise in insured claims resulting from physical events as well as the impact of the necessary steps to transition away from greenhouse gas-intensive activities.

For the goal of net-zero carbon neutrality to be achieved before 2050, global investments in renewable energies for the generation of electrical power alone would need to triple from 2022 onward to around $1,300 billion annually by 2030.

In order to better understand and lessen the effects of climate change, EXOS aims to "push the boundaries of insurability." We believe that as companies move toward carbon neutrality, there may be a huge financial opportunity. We have tools that help reduce the risk associated with new technologies, and we have a staff that is particularly interested in renewable technologies.

Our company, EXOS, has created product and performance guarantees with the goal of reducing risks for climate initiatives. The most recent of these guarantees is one for producing green hydrogen energy, which is presently in the pilot stage.