Munich Re’s
Climate Change Edition

Don’t be surprised by the impacts of climate change, but clearly understand the related risks

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Be prepared for the effects of climate change. Make sure you can assess and understand natural disaster risks such as hurricanes, floods, droughts, etc. up to the year 2100 by using different climate change scenarios representing the impacts of global warming.

With this modular SaaS solution, you can bring your analysis and assessment of the physical risks associated with climate change to the next level.

Building on one of the world’s most comprehensive databases for natural disasters as well as hazard modelling under different climate scenarios, this edition provides detailed information on the physical risk exposure for all locations worldwide, transforming data into clear structures for individual risk assessment.

You not only have access to Munich Re’s extensive data collection but can also incorporate your own data. Integrated into your digital workflows, it supports your spatial exploration, visualisation, and evaluation of climate risks. Accelerate and improve your business processes and support global portfolio control and claims management. From a single asset to multiple assets within a portfolio located in areas prone to acute and chronic climate risks such as extreme temperatures or rainfall, drought, floods, sea-level rise, etc.

Extreme weather events are becoming more likely and might affect your business

Turn climate risks into business opportunities with Climate Change Edition

Invest safely: Check the risk of individual assets or entire portfolios using the Climate Change Edition’s set of global warming scenarios, looking into the future until 2100.
Avoid revenue losses and reputational damage: Identify potential risks from climate change before they materialise in your assets and portfolios to proactively steer your investments towards profitable and secure returns now and in the future.
Maintain your business continuity and resilience: With the globalisation of almost all business sectors, it is vital that your supply chains remain future-proof and exposed to as little climate risk as possible. With Climate Change Edition you can stay on top of things - worldwide.
Keep an eye on the future of your business: With Climate Change Edition you can not only protect your business by anticipating the threat of natural disasters, but also assess how markets are changing and where new opportunities are emerging for your company.
Identify risks quickly and reliably: Thanks to Climate Change Edition, you can easily identify areas of high risk concentration and assess them with an overall risk score or a detailed risk evaluation consisting of over 20 individual risk scores.
Meet your increasing disclosure obligations: Climate Change Edition provides you with sound answers to the increasingly extensive regulatory and voluntary requirements relating to the disclosure of your climate change risk exposure, creating the transparency you need.

Thanks to the detailed and meaningful assessment of physical risks from natural disasters and climate change using the Climate Change Edition, we can make an informed credit decision in our risk analysis.

Patrick Th. Gruninger

Chief Specialist in Credit Management

Bayerische Landesbank

Prepared for anything. Today, tomorrow and even in 2100!

Climate Change Edition is a modular SaaS solution that helps you not only to understand your exposure to current physical risks, but more importantly to assess and understand the physical risks associated with climate change in different future scenarios.

Benefit from comprehensive coverage of all relevant climate risks without the need to consolidate or harmonise the data, as all the required information comes from one source and is delivered in an identical format.

Global data coverage gives you access to data of consistently high quality worldwide, so you can rely on it no matter where your assets are located. Munich Re uses these data models itself for its own day-to-day business.

Understand all aspects of climate change thanks to four available climate scenarios and five different time projections up to 2100. Five-year-steps are available via API.

Based on the latest scientific models, data is produced using the internationally recognised IPCC criteria, which ensures that companies work with reliable and accepted data.

Gain trust and transparency through 35 underlying climate change variables which are optionally available for the purpose of understanding climate change and its consequences in detail.

Use expert knowledge, such as the two “defended” and “undefended” data calculations, to adapt your risk assessments to both scenarios and display the different scores.

Scientific framework and modelling approach

Climate change is a critical issue facing both the global community and businesses. The Intergovernmental Panel on Climate Change (IPCC), a United Nations body, originally established a framework which formed the basis for the Paris Agreement in 2015.

With the release of its 6th assessment report in 2023 the IPCC redefined what “cutting edge” climate change modelling means. Previously, climate change scenarios had only considered the development of concentrations of greenhouse gases, characterised in a set of Representative Concentration Pathways (RCPs). Now the IPCC has adopted a more holistic approach to expected developments in the 21st century. They now endorse using Shared Socioeconomic Pathways (SSPs) in the modelling of future scenarios.

These embed the existing RCP scenario framework into a more holistic set of realistic story lines for the ways in which humanity could respond to the challenges which climate change poses to us all. By providing climate risk data range of different SSP scenarios, Location Risk Intelligence supports the seamless integration of physical risks into risk-aware decision-making.

Available SSP scenarios in Climate Change Edition

SSP1-2.6 Sustainability

In this most optimistic scenario, all countries (with the strong supporting the weak) move gradually but consistently towards a more sustainable economic system. Inequality within and between countries is reduced and consumption is oriented towards lower material growth and lower resource and energy consumption. This moderate scenario leads to an expected warming at the end of the 21st century of around 1.0 – 2.4°C relative to the pre-industrial period (1850–1900). The SSP1-2.6 scenario is comparable to the RCP2.6 scenario.

SSP2-4.5 Middle of the road

In this scenario, global and national institutions work towards sustainable development but make slow progress. Development and income growth proceeds unevenly, with some countries making relatively good progress while others fall short of expectations. The environment experiences degradation, but the overall intensity of resource and energy use declines. This scenario would be expected to lead to a warming by end of the 21st century of between 2.1 and 3.5°C relative to the pre-industrial period (1850–1900). The SSP2-4.5 scenario is comparable to the RCP4.5 scenario.

SSP3-7.0 Regional rivalry

Under this scenario a resurgence in nationalism, concerns about competitiveness and security, and regional conflicts push countries to increasingly their focus on domestic or, at most, regional issues. Achievement of national and regional food, energy, and security goals are prioritised above international cooperation to tackle shared goals. Economic development remains material-intensive and environmental degradation worsens. Under this scenario warming by end of the 21st century is expected to be between 2.8 and 4.6°C. The SSP3-7.0 scenario is comparable to the RCP7.0 scenario.

SSP5-8.5 Fossil-Fuelled Development

In this scenario faith is placed in competitive markets and innovation. Fossil fuels are increasingly exploited, and social and economic development drives the adaption of resources and energy intensive lifestyles around the world. Local environmental problems like air pollution are managed but high greenhouse gas releases drive high global warming and related increases in natural catastrophe exposure. Under this scenario, warming by end of the 21st century is expected to be between 3.3 and 5.7°C. The SSP5-8.5 scenario is comparable to the RCP8.5 scenario.

CMIP6 Scenarios

Global CO2 Emissions (GtCO2/yr)

Scores that score points when it comes to climate change

Climate Change Edition supports you not only with information regarding the exposure of your assets to current physical risks, but above all in analysing and assessing the physical risks associated with climate change in various future scenarios.

In terms of both acute and chronic climate risks, this edition includes not only 12 NATHAN Hazard Scores and four NATHAN Risk Scores, but also eight additional Climate Hazard Scores which consider the effects of climate change. And unlike Natural Hazards Edition, the risk scores are not only calculated based on past events, but also include projected changes in the intensity and frequency of future events under different climate scenarios and projection years right up to 2100.

Climate Hazard Scores

The Climate Hazard Scores cover either RCP scenarios** (RCP4.5 and 8.5) or SSP scenarios*** (SSP1-2.6, SSP2-4.5, SSP3-7.0 and SSP5-8.5) as well as the current, 2030, 2040, 2050 and 2100 projection years.* * For some Climate Hazard Scores only a part of the scenarios or projection years is available.
** Representative Concentration Pathway
*** Shared Socioeconomic Pathway

NATHAN Hazard Scores

NATHAN Risk Scores

Also available On-Demand

Pay as you go: In the On-Demand version, users without a contractual commitment can use credits that can be purchased directly on the website to determine basic risk assessments for single locations (not entire portfolios) and download them in meaningful reports.

On-Demand version

Climate Change Expert Module – 35 Climate Change Variables or 35 ways to assess risks in more detail

Many business decisions depend on how accurately you can understand, measure, and manage the risk of climate change, and the decision-making process therefore requires the latest and most relevant data.

The Climate Change Expert Module provides you with a total of 35 additional detailed scores, the so-called Climate Change Variables, for the five Climate Hazard Scores (Fire Weather Stress, Drought Stress, Heat Stress, Precipitation Stress and Cold Stress) for an in-depth assessment of your assets. If you need to base your business decisions on extremely detailed data assessments, our REST API enables seamless integration of the entire underlying statistical uncertainty measures data. Each Climate Change Variable value is backed by six Climate Change Statistics to ensure highest data accuracy and provide transparency.

High value platform functionalities

Sometimes more is simply more. Especially when it comes to well-designed functionalities that facilitate risk assessment on the one hand and reduce your workload on the other. These outstanding functionalities include Single asset assessment, Portfolio assessment, Portfolio management, Export manager, Maps, Elevation profile, Portfolio aggregation and comparison, Areas & lines, REST API and Single sign-on.

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