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Mitiga Solutions has teamed up with Howden Group, a leading global insurance intermediary that brings together expertise in risk transfer, analytics, and climate advisory. Together we’re combining our climate intelligence platform with their insurance expertise, to help clients better understand and manage the physical risks of climate change.
As climate volatility increases, the need to evaluate and address physical climate risk becomes a priority. Floods, wildfires, droughts, and extreme heat events are driving up financial losses globally. In the first half of 2025 alone, insured losses from natural catastrophe events reached USD 100 billion, the second-highest first-half total on record.
Economies outside high-insurance-penetration markets continue to experience significant uninsured losses. While the global insurance protection gap has narrowed to approximately 38 percent, that low rate is concentrated in markets with higher insurance maturity.
This partnership responds to a growing global need. Organisations must now evaluate and disclose their exposure to these physical climate risks.
Regulatory laws and frameworks like California’s SB 261, the Corporate Sustainability Reporting Directive (CSRD) in Europe, and the IFRS S2 standard are shifting climate-related reporting from voluntary to mandatory across jurisdictions.
Rowan Douglas, CEO, Climate Risk & Resilience, Howden said:
“We value Mitiga’s distinctive science-led approaches to risk modelling, forward thinking business models and long-term commitment to support new insurance instruments for resilience. We look forward to taking our collaboration with Mitiga Solutions to the next level and delivering much needed innovation to deliver the Insurability Imperative.”
Through the integration of our high-resolution climate risk analytics and Howden’s capabilities in risk modelling and insurance, we will deliver:
- Quantification of physical climate risk at the asset and portfolio level across multiple time horizons and climate scenarios.
- Identification and prioritisation of the most vulnerable sites for adaptation and resilience investment.
- Strengthened risk transfer strategies by linking climate data to insurance coverage.
- Compliance support with climate disclosure requirements under frameworks such as SB 261, CSRD, IFRS S2, and others
Alejandro Martí, CEO and Co-founder of Mitiga Solutions, added
“This partnership is about shaping a future where climate resilience is embedded into every investment and insurance decision. By joining forces with Mitiga Solutions, customers are able to improve their risk posture with confidence, powered by trusted and transparent climate risk analytics.”
Together, we’re giving organisations the tools to understand how their risks will evolve over time and how to respond with confidence.
Whether it’s identifying the right resilience strategy, mitigation pathway, or risk transfer solution, we’re enabling smarter choices under a range of climate scenarios and confidence levels.
Innovation in modelling isn’t just technical, it’s transformational. As climate risk intensifies, this collaboration reflects a broader shift: modelling innovation and insurance are becoming central to how governments, businesses, and insurers build long-term resilience.
The ability to measure and manage physical risk in near real time will be critical to safeguarding economic stability and enabling sustainable growth.
