MAIF Enhances Climate Risk Management with Moody’s Advanced Solutions

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MAIF Strengthens Climate Risk Strategies with Moody’s RMS Models

MAIF, known as the Mutuelle assurance des Instituteurs de France, is a leading mutual insurer in France, offering comprehensive insurance services to over four million households, associations, businesses, and communities. In an effort to enhance its capabilities in assessing and managing climate risks, MAIF has partnered with Moody’s to incorporate their advanced risk modelling solutions.

Through this strategic collaboration, MAIF will utilize Moody’s RMS high-definition risk models, which are focused on three significant perils: windstorms, floods, and severe convective storms, including hail. Furthermore, MAIF will benefit from Moody’s climate change layers designed for wind and flood risks, enabling the analysis of multiple climate scenarios, known as Representative Concentration Pathways, up to the year 2100. This will allow MAIF to comprehend the potential impacts on its operations and policyholders.

As climate change contributes to the increasing frequency and severity of natural disasters, resulting in substantial financial losses, MAIF is dedicated to fortifying its risk management strategies. The insurer emphasizes three core areas: prevention, repair, and regeneration.

In alignment with its broader climate strategy, MAIF has established a dedicated ‘Climate Cell’ and is integrating Moody’s modelling tools to deepen its understanding of future risks, ensuring the protection of its members. Hélène N’Diaye, Deputy CEO of the MAIF Group, stated: “In the face of increasingly intense and frequent climate events, we must take proactive measures. Alongside our ecological dividend initiatives for regeneration and daily repair actions, Moody’s models are crucial in bolstering our prevention efforts. MAIF is now fully equipped to independently comprehend climate risks and anticipate their impacts.”

Ursula Barnett, Director of Sales Management, Continental Europe at Moody’s, expressed: “We are thrilled to support MAIF in its mission to comprehend and manage climate risks. Our Moody’s RMS high-definition models, coupled with our platform solution, provide MAIF with the vital tools to establish a comprehensive view of climate risk.

“We are observing a growing trend among leading insurers in France adopting our Moody’s RMS models to gain a deeper understanding of the escalating severity and frequency of climate-related events. This adoption optimizes their entire risk management processes, from underwriting to capital management and reinsurance placement.”