CLIMATE RISK COALITION

Milliman Climate Resilience Initiative

Climate change is not a problem that will be solved in silos. As experts in modeling complex risks, Milliman has a unique view into our climate future and its cascading effects on governments, businesses, and communities. With the MCRI, we’ve assembled a multidisciplinary team from around the world to measure the most pressing risks and drive effective responses.

Because complex doesn’t mean unsolvable.

Overview

A powerful climate risk coalition

Building on a foundation of expertise modeling complex risks, the Milliman Climate Resilience Initiative (MCRI) unites perspectives across industry, government, academic, and not-for-profit sectors to anticipate and measure the most pressing climate risks and drive effective responses.

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webinar

The WUI Data Commons: Driving wildfire resilience through data transparency

Experts from the insurance, fire service, catastrophe modeling and actuarial professions have come together to propose a solution: the WUI Data Commons.

Increasingly, large and destructive wildfires are devastating WUI communities and destabilizing homeowners insurance markets. In the face of these rapidly changing conditions, insurers and reinsurers need accurate and comprehensive information to better understand and manage the risk.

Watch the conversation

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WEBINAR

After COP27: Implementing people-centered climate adaptation

What are the actionable steps insurers, policymakers, and organizations can take to implement a more human-centered approach to climate adaptation and mitigation?

Featuring speakers from the Insurance Development Forum, the Global Risk Modelling Alliance, Swiss Re, the V20, and Milliman.

Watch the webinar

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Areas of Expertise

Climate intelligence for key decisions

Whether it’s our breadth of expertise or data solutions, MCRI provides insight into the complex interrelationships between various climate risks.

Physical Risk

Grappling with growing catastrophes

As climate change accelerates, catastrophic events are becoming increasingly common. Whether flood, wildfire, or drought, MCRI is analyzing these events and modeling the risk to help reduce or absorb the impacts of climate change.

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Financial Risk

The climate bottom line

Where there is risk, there is also opportunity. Asset managers, institutional investors, and governments are showing increasing interest in climate-related investment. MCRI is investigating advanced approaches to data gathering and modeling to bring climate mitigation investment to the mainstream.

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Health and Well-Being

Wellness in a warming world

Understanding how climate change affects patterns of health and disease is critical to supporting human welfare. MCRI will expand on Milliman’s history of innovation in microinsurance, taking an expansive view of wellness impacts at the intersection of complex factors such as agriculture, disease, and nutrition.

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Transition Risk

Adapting with agility

As the world transitions to new forms of energy, economic growth, and regulatory requirements, governments and organizations need to navigate change successfully. Whether change stems from policy or public perception, MCRI is able to model transition risk so that organizations can build sustainable long-term strategies.

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Liability Risk

Getting ahead of the challenges

Organizations face liability risk when they fail to sufficiently disclose the effects of climate change on their businesses. MCRI seeks to quantify the magnitude and nature of these issues and help build new approaches to responsible governance that enable companies to become part of the solution.

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Enterprise Risk

Seeing the big picture

MCRI understands the varied risks climate change poses to businesses, including insurance availability, regulatory requirements, and talent acquisition. Our modeling and data help businesses make smart financial decisions while building thriving workforces and communities.

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Collaborations

United Nations Capital Development Fund

Michael J. McCord and Abhisheik Dhawan from the UNCDF write about long-term climate adaptation bonds in Fortune.

Read the article

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The UNDP-Milliman Global Actuarial Initiative

Milliman and the United Nations Development Programme have joined forces to grow the actuarial profession and strengthen safety nets around the world.

Learn more

MCRI cross-industry collaborations

MCRI members are working with leading organizations around the globe.

Learn more

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Video

Helping Paradise, California, rebuild

Milliman worked with researchers, local leaders, and other experts to create a sustainable future for the community, which was devastated in 2018 by the most destructive wildfire in state history.

Video

Fighting fire with data

Wildfire is not going away—but Milliman’s collaboration with firefighters and modelers is helping expand insurance access and create sustainable communities.

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INSIGHT

The latest MCRI publications

White paper

Roundtable insights: SS 5/25—How to survive, where to strive and ways to thrive

We present insights shared during a January 2026 roundtable with UK risk and sustainability professionals as they navigate the PRA's latest climate supervisory statement.

Read the article

Report

Climate-related risk management and sustainability disclosures in Africa

We examine eight countries at various stages of implementation of IFRS frameworks.

Read the article

White paper

Supervisory Statement 5/25: Enhancing banks’ and insurers’ approaches to managing climate-related risks

SS5/25 introduces clearer, more proportionate climate-risk expectations, calling on UK insurers to strengthen governance, risk and data capabilities.

Read the article

White paper

Milliman 2025 ORSA sustainability benchmarking survey

Do European life insurers' ORSA scenarios and stress tests reflect a sustainable future?

Read the article

Research report

Extreme weather in Europe

Why 2024 was the “Year of the Flood”—and what insurers can do now to manage climate-related financial risks.

Explore the report

Collaboration

WSTC Webinar: WUI Data Commons

Increasingly, large and destructive wildfires are devastating WUI communities and destabilizing homeowners insurance markets.

Watch now

Press release

Milliman wins “Climate and sustainability consultancy of the year”

Milliman, Inc., a premier global actuarial, consulting, and risk management firm, today announced that the firm has won “Climate and sustainability consultancy of the year” in the 2024 InsuranceERM Climate Risk & Sustainability awards.

Download PDF

Article

Geocoding for insurance: Why location matters in risk pricing

Accurate risk pricing can lead to more resilient communities.

Read the article

Article

Will the UK property insurance market experience a subsidence event during 2025?

What is subsidence and why is it a concern for UK insurers?

Read the article

Article

Is your firm’s approach to climate scenario analysis in line with the proposed UK regulations?

An overview to the new ‘CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks’.

Read the article

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CRITICAL POINT PODCAST

Critical Point Episode 29: Understanding the impact of flooding on mortgage risk

Listen to the podcast

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SERVICES

See how we’re anticipating, measuring, and responding to climate risk

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PRODUCTS

Data-driven solutions for climate resilience

Geographic rating insights

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

Learn more

Mortgage platform for investments & reinsurance

Milliman M-PIRe

A comprehensive platform to evaluate mortgage investment opportunities, trends in the market, and portfolio aggregation.

Learn more

Modern flood insurance program

Bungalow

Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.

Learn more

Healthcare analytics

MedInsight

Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.

Learn more

Complex risk

Milliman Complex Risk Analysis (CRisALIS)

Milliman CRisALIS is a next-generation cyber risk solution that incorporates a forward-looking approach to modeling how cyber risks occur and propagate.

Learn more

Milliman Climate Resilience Initiative

A powerful climate risk coalition

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Sign up to receive notifications about new MCRI events and climate research.

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The WUI Data Commons: Driving wildfire resilience through data transparency

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After COP27: Implementing people-centered climate adaptation

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Climate intelligence for key decisions

Grappling with growing catastrophes

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The climate bottom line

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Wellness in a warming world

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Adapting with agility

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Getting ahead of the challenges

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Seeing the big picture

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United Nations Capital Development Fund

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The UNDP-Milliman Global Actuarial Initiative

MCRI cross-industry collaborations

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Helping Paradise, California, rebuild

Fighting fire with data

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The latest MCRI publications

Roundtable insights: SS 5/25—How to survive, where to strive and ways to thrive

Climate-related risk management and sustainability disclosures in Africa

Supervisory Statement 5/25: Enhancing banks’ and insurers’ approaches to managing climate-related risks

Milliman 2025 ORSA sustainability benchmarking survey

Extreme weather in Europe

WSTC Webinar: WUI Data Commons

Milliman wins “Climate and sustainability consultancy of the year”

Geocoding for insurance: Why location matters in risk pricing

Will the UK property insurance market experience a subsidence event during 2025?

Is your firm’s approach to climate scenario analysis in line with the proposed UK regulations?

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Critical Point Episode 29: Understanding the impact of flooding on mortgage risk

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See how we’re anticipating, measuring, and responding to climate risk

Microinsurance

Flood insurance

Enterprise risk management

Catastrophe reserving and loss reserve verification

Mortgage & credit risk

Complex risk assessment

Health

Property analytics

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Data-driven solutions for climate resilience

PinPoint

Milliman M-PIRe

Bungalow

MedInsight

Milliman Complex Risk Analysis (CRisALIS)

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We’re here to help

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A powerful climate risk coalition

Sign up to receive notifications about new MCRI events and climate research.

The WUI Data Commons: Driving wildfire resilience through data transparency

After COP27: Implementing people-centered climate adaptation

Grappling with growing catastrophes

The climate bottom line

Wellness in a warming world

Adapting with agility

Getting ahead of the challenges

Seeing the big picture

United Nations Capital Development Fund

The UNDP-Milliman Global Actuarial Initiative

MCRI cross-industry collaborations

Helping Paradise, California, rebuild

Fighting fire with data

The latest MCRI publications

Roundtable insights: SS 5/25—How to survive, where to strive and ways to thrive