New Delhi, July 4 -- In a major push towards sustainability, Allianz Commercial unveiled a new data-driven platform CAReS (Climate Adaptation & Resilience Services). The goal of this launch is to assist businesses in tackling the risks of climate change.
This platform has been developed in close cooperation with Allianz clients, and it will allow them to trace the potential high-risk areas. The CAReS platform also enables businesses to model how 12 climate perils, including hail, tropical storms, floods, extreme heat, and wildfires, would affect the locations.
CAReS works in a five-step process that involves understanding climate risks, tracing high-risk locations, analyzing the financial impacts, focusing on migration efforts, and finall...