Normative approach to risk management for insurers

Nature Climate Change, Published online: 29 April 2021; doi:10.1038/s41558-021-01031-8

Private insurance is a key component of strategies to manage physical climate change impacts, but existing scenarios used by insurers are not well suited to making business decisions. We call for a complementary normative approach, based on business objectives, that delivers actionable information to decision-makers.