Providing tools and insights to help local councils prioritise risk assessment

The Australian state local government mutual exists to help their member councils proactively manage liability, asset and workers’ compensation exposures whilst ensuring stability and sustainability of cost over the long term.

This includes the need to prepare members for the increasing cost and impact of natural catastrophe events and develop a climate resilience strategy.

The state membership group is spread over 1.8 million km² of diverse landscape, with exposure to significant cyclone, flood and heat risk.

By combining various Swiss Re in-house models, tools and disciplines, a modular package was created to provide:

• A portfolio analysis of climate change impacts, including qualitative risk assessment of multiple hazards (such as tropical cyclone, flooding, heatwave and bushfire) in present and future climate scenarios.
• A summary of the financial implications - quantitative risk assessment in present and future climate scenarios.
• An interactive, user-friendly platform for immediate data visualisation.
• A suite of climate risks reports for each local council.