FIS's Climate Risk Financial Modeler wins this award for enabling businesses to analyse a range of different climatic impacts using multiple climate scenarios to determine future losses.
It does this by synthesising data analysed by PwC US – such as global climate, engineering, health and energy data – together with finance and insurance models from FIS, to calculate cash flow impairment caused by natural perils.
Clients then use the results to develop climate risk strategies that encompass long-term planning, risk mitigation, employee health and insurance contract management.
Climate Risk Financial Modeler launched in summer 2024, and FIS has expanded the tool's capabilities to support strategic planning through "what-if" analyses on an asset portfolio, enabling smarter capital expenditure allocation. This enables users to assess potential strategies, including mitigative measures or alternate asset and supply chain configurations, to reduce their overall climate risk.
The judges also commended Climate Risk Financial Modeler's dashboard for providing multiple visualisations of key information, including the ability to drill down from the portfolio level to individual assets and analyse data by multiple user-defined categories.