MAIF enhances climate Risk modelling with Moody’s high-definition risk model

MAIF (Mutuelle assurance des Instituteurs de France), a mutual insurer serving over four million households, associations, businesses, and communities across France, is enhancing its ability to assess and manage climate risks through Moody’s advanced risk modelling solutions.

Through this collaboration, MAIF will gain access to Moody’s RMS high-definition risk models, focusing on three major perils: windstorms, floods, and severe convective storms, including hail.

Additionally, MAIF will leverage Moody’s climate change layers for wind and flood risks, enabling it to analyse various climate scenarios (Representative Concentration Pathways) through 2100 and assess their potential impact on its operations and policyholders.

With climate change driving an increase in the frequency and severity of natural disasters, leading to greater financial losses, MAIF is committed to strengthening its risk management strategies. The insurer is focused on three key areas: prevention, repair, and regeneration.

As part of its broader climate strategy, MAIF has established a dedicated ‘Climate Cell’ and is integrating Moody’s modelling tools to improve its understanding of future risks and continue safeguarding its members.

Hélène N’Diaye, Deputy CEO of the MAIF Group, said: “In the face of increasingly intense and frequent climate events, we must take action. In addition to our ecological dividend for regeneration and our daily actions for repair, Moody’s models are essential to strengthening our prevention efforts. MAIF is now fully autonomous in its understanding of climate risks to anticipate their impact.”

Ursula Barnett, Director of Sales Management, Continental Europe, Moody’s, added: “We are delighted to support MAIF in its mission to understand and manage climate risks. Our three high-definition Moody’s RMS models, combined with our platform solution, provide MAIF with the essential tools to establish a robust view of climate risk.

“We see an increasing number of leading insurers in France adopting our Moody’s RMS models to better understand the rising severity and frequency of climate-related events, thereby optimising their entire risk management process, from underwriting to capital management and reinsurance placement.”

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