WTW launches partnership with the University of Colorado Boulder to harness the climate prediction revolution
WTW (NASDAQ: WTW) has announced a scientific partnership with the University of Colorado Boulder to leverage advances in seasonal climate prediction for the insurance and risk management industries. This collaboration aims to help WTW and its clients anticipate and prepare for weather-related impacts on their operations and portfolios.
The partnership focuses on harnessing the predictability of El Niño and La Niña phenomena, which significantly influence global climate patterns and can lead to severe weather events worldwide. Prof. Pedro DiNezio, a leading expert in long-term climate forecasts, will lead the collaboration at CU Boulder.
This initiative is expected to be particularly valuable for sectors heavily dependent on natural resources, such as energy, food and beverage, and transportation industries. The partnership aims to provide businesses with advanced warning of climate risks, enabling better preparation and risk management strategies.
WTW (NASDAQ: WTW) ha annunciato una partnership scientifica con l'Università del Colorado Boulder per sfruttare i progressi nella previsione climatica stagionale per le industrie assicurative e di gestione dei rischi. Questa collaborazione mira ad aiutare WTW e i suoi clienti a anticipare e prepararsi agli impatti meteorologici sulle loro operazioni e portafogli.
La partnership si concentra sull'utilizzo della prevedibilità dei fenomeni El Niño e La Niña, che influenzano significativamente i modelli climatici globali e possono causare eventi meteorologici estremi in tutto il mondo. Il prof. Pedro DiNezio, esperto di previsioni climatiche a lungo termine, guiderà la collaborazione presso CU Boulder.
Questa iniziativa si prevede sarà particolarmente preziosa per i settori fortemente dipendenti dalle risorse naturali, come le industrie dell'energia, alimentari e delle bevande, e dei trasporti. La partnership mira a fornire alle imprese un avviso anticipato sui rischi climatici, consentendo una migliore preparazione e strategie di gestione dei rischi.
WTW (NASDAQ: WTW) ha anunciado una asociación científica con la Universidad de Colorado Boulder para aprovechar los avances en la predicción climática estacional en las industrias de seguros y gestión de riesgos. Esta colaboración tiene como objetivo ayudar a WTW y a sus clientes a anticipar y prepararse para los impactos relacionados con el clima en sus operaciones y carteras.
La asociación se centra en aprovechar la predictibilidad de los fenómenos El Niño y La Niña, que influyen significativamente en los patrones climáticos globales y pueden dar lugar a eventos meteorológicos severos en todo el mundo. El Prof. Pedro DiNezio, un experto destacado en pronósticos climáticos a largo plazo, liderará la colaboración en CU Boulder.
Se espera que esta iniciativa sea particularmente valiosa para sectores que dependen en gran medida de los recursos naturales, como las industrias de energía, alimentos y bebidas, y transporte. La asociación busca proporcionar a las empresas una alerta avanzada sobre los riesgos climáticos, facilitando una mejor preparación y estrategias de gestión de riesgos.
WTW (NASDAQ: WTW)는 콜로라도 대학교 볼더와 과학 파트너십을 체결하여 보험 및 위험 관리 산업을 위한 계절 기후 예측의 발전을 활용한다고 발표했습니다. 이 협력은 WTW와 고객이 기상 관련 영향에 대비하고 준비할 수 있도록 도와주기 위해 설계되었습니다.
이 파트너십은 전 세계 기후 패턴에 중대한 영향을 미치고 심각한 기상 사건으로 이어질 수 있는 엘니뇨 및 라니냐 현상 예측 가능성을 활용하는 데 중점을 두고 있습니다. 기후 장기 예측의 저명한 전문가인 페드로 디네지오 교수는 CU 볼더에서 협력을 이끌 것입니다.
이 이니셔티브는 에너지, 식음료 및 운송 산업과 같은 천연 자원에 크게 의존하는 분야에 특히 가치가 있을 것으로 예상됩니다. 파트너십의 목적은 기업에 기후 리스크에 대한 사전 경고를 제공하여 더 나은 준비 및 리스크 관리 전략을 가능하게 하는 것입니다.
WTW (NASDAQ: WTW) a annoncé un partenariat scientifique avec l'Université du Colorado Boulder pour tirer parti des avancées dans la prévision climatique saisonnière pour les industries de l'assurance et de la gestion des risques. Cette collaboration vise à aider WTW et ses clients à anticiper et se préparer aux impacts liés aux conditions météorologiques sur leurs opérations et portefeuilles.
Le partenariat se concentre sur l'exploitation de la prévisibilité des phénomènes El Niño et La Niña, qui influencent de manière significative les modèles climatiques mondiaux et peuvent entraîner des événements météorologiques graves à travers le monde. Le Prof. Pedro DiNezio, expert reconnu dans le domaine des prévisions climatiques à long terme, dirigera la collaboration à CU Boulder.
Cette initiative devrait être particulièrement précieuse pour les secteurs qui dépendent fortement des ressources naturelles, tels que les industries de l'énergie, de l'alimentation et des boissons, et des transports. Le partenariat vise à fournir aux entreprises une alerte anticipée sur les risques climatiques, permettant ainsi une meilleure préparation et des stratégies de gestion des risques.
WTW (NASDAQ: WTW) hat eine wissenschaftliche Partnerschaft mit der Universität Colorado Boulder angekündigt, um Fortschritte in der saisonalen Klimavorhersage für die Versicherungs- und Risiko-Management-Branche zu nutzen. Diese Zusammenarbeit zielt darauf ab, WTW und seinen Kunden zu helfen, wetterbedingte Auswirkungen auf ihre Operationen und Portfolios vorherzusehen und sich darauf vorzubereiten.
Die Partnerschaft konzentriert sich darauf, die Vorhersagbarkeit von El Niño und La Niña Phänomenen zu nutzen, die signifikanten Einfluss auf globale Klimamuster haben und zu schweren Wetterereignissen weltweit führen können. Prof. Pedro DiNezio, ein führender Experte für langfristige Klimavorhersagen, wird die Zusammenarbeit an der CU Boulder leiten.
Diese Initiative wird voraussichtlich besonders wertvoll für Sektoren sein, die stark von natürlichen Ressourcen abhängen, wie der Energie-, Lebensmittel- und Getränke- sowie Transportindustrie. Die Partnerschaft hat zum Ziel, Unternehmen frühzeitig vor Klimarisiken zu warnen, um eine bessere Vorbereitung und Risikomanagementstrategien zu ermöglichen.
- Partnership with University of Colorado Boulder to improve seasonal climate prediction capabilities
- Potential for enhanced risk management and preparation for weather-related impacts on business operations
- Access to expertise in long-term climate forecasts and El Niño/La Niña effects
- None.
LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company today announced a new scientific partnership with the University of Colorado Boulder to transfer scientific advances in seasonal climate prediction to the insurance and risk management industries. Through this collaboration, WTW and its clients will be able to anticipate how weather events will affect their operations and portfolios over the next quarter and prepare for forecasted climate risks.
Natural fluctuations in the Pacific Ocean – known as El Niño and La Niña – are the leading cause of year-over-year changes in the global climate. The reach of these patterns extends far beyond the Pacific and affects the odds of drought, wildfire, heatwaves, and hurricanes across much of the world. Because meteorological agencies are now able to predict El Niño and La Niña episodes several months ahead of time, these forecasts provide advance warning of severe weather events and likely climate impacts over large parts of the globe.
Historically, the state of the tropical Pacific has cost trillions of dollars in direct damages and reduced economic growth. But most businesses have only begun to take advantage of the strong predictability offered by El Niño and La Niña. WTW has teamed with the University of Colorado Boulder to harness the ongoing ‘climate prediction revolution’ for business use and improve our ability to predict global climate for the coming season, year, and decade. At CU Boulder, the collaboration will be led by Prof. Pedro DiNezio, a leading expert in long-term climate forecasts, the effects of El Niño, and climate extremes under global warming.
Scott St. George, Head of Weather and Climate Research for the WTW Research Network, said, “What happens in the tropical Pacific certainly does not stay in the tropical Pacific. El Niño and La Niña can reach across the entire globe to affect local weather and the risks of catastrophic perils. We are excited to work together with Prof. DiNezio so our clients know well in advance how to prepare their business when El Niño and La Niña are on the horizon. These insights will be especially valuable for sectors that depend strongly on natural resources, such as energy producers, food and beverage, and transportation.”
Pedro DiNezio, Associate Professor in the Department of Atmospheric and Oceanic Sciences at CU Boulder, added, “Making predictions is one of the most thrilling parts of my work. Every prediction tests our understanding of the inner workings of the climate system. In addition, El Niño and La Niña happen every several years, therefore we do not fully know everything about these complex, sometimes chaotic phenomena, keeping our research fresh and exciting. This collaboration with WTW adds a new layer to this challenge as we learn how to produce predictions that are useful for the insurance sector and vulnerable communities around the world”.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
About the University of Colorado Boulder
At the foot of the Rocky Mountains, the University of Colorado Boulder is nationally recognized as one of only 38 AAU public research universities. Established in 1876, CU Boulder is an R1 public research university with five Nobel laureates, nine MacArthur fellows and is the No. 1 public university recipient of NASA awards. CU Boulder is a leader in many fields, including aerospace engineering, earth and environmental science, physics, and environmental law. The school partners with many notable federal research labs, including the National Oceanic and Atmospheric Administration, the National Institute of Standards and Technology, and the National Renewable Energy Laboratory. Learn more.
Media contact
Sarah Booker: +44 7917 722040
Sarah.booker@willistowerswatson.com
CU Boulder Media Relations:
cunews@colorado.edu
FAQ
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