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Marsh Centre for Climate Adaptation and Resilience Excellence (CCARE)

Marsh Asia’s CCARE brings together climate adaptation expertise, best-in-class data and modelling capabilities, capital and insurance access to help pivot your business strategy to adapt to climate change and prepare for new extremes.

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High-quality Risk Insights with Unmatched Data and Analytics

We leverage proprietary and leading data providers to provide best-in-class models and deliver quality, actionable risk insights.

Collective Expertise in Industry and Climate Risk

We combine expertise in industries, climate risk, and resilience strategy to develop industry-led approaches and methods to protect existing assets and values and ensure future business strategy is fit for purpose for a changing climate in long run.

Capital and Insurance Access

We partner with financial institutions to facilitate access to risk capital pools and innovative insurance products to provide cover for extreme weather events and to define and deploy adaptation finance.

Despite Asia being the most impacted region by extreme weather and climate threats, businesses face challenges in navigating climate adaptation journey.

The impacts of climate inaction can affect critical infrastructure, agriculture output, public health, and the economy:

Asia’s developing economies will need least US$1.1 trillion of investments annually to meet climate mitigation and adaptation needs. However, the region is grappling with a substantial shortfall of at least US$815 billion.1

While the private sector has a crucial role to play and needs to make a stronger commitment to address climate adaptation with investments in climate resilience, they often encounter the following challenges: 

  • Lack of awareness of climate-related risks and clear ownership of climate adaptation responsibilities within the organisation. 
  • Data and modeling that does not fully inform and support quantification and pricing of climate-related risks.
  • Inability to articulate their business case to obtain financing for climate adaptation initiatives.

Marsh Asia takes the lead in spearheading CCARE, an initiative with initial focus in empowering businesses in communication and technology, energy and power, and agriculture sectors to effectively pivot their business strategies in response to climate change. 

CCARE brings together a dedicated and highly experienced team of climate risk and resilience experts, along with industry-specific experts to:

  • Assess the effects of climate change at both system-level (e.g., suppliers, customers, and critical infrastructure), and asset-level (e.g., physical assets, operations and people and emergency response) in their climate adaptation framework (Fig. 1).

Fig 1. Marsh Climate Adaptation Framework

  • Integrate climate resilience actions into their long-term strategies with a compelling business case for action.
  • Prepare for future climate extremes, fostering a more resilient and sustainable communities and economies across Asia. 
  • Articulate their needs to obtain financing for climate adaptation initiatives through partnerships with financial institutions and insurers, as well as public and private partnerships. 

Effective climate adaptation efforts rely on strong public and private partnerships, and Marsh CCARE is also instrumental in fostering a collaborative environment for public sector engagement. Leveraging its climate adaptation capabilities and solutions, CCARE facilitates the alignment of policies, regulations, and frameworks that incentivise and support climate adaptation initiatives, ensuring a coordinated and impactful approach.

Why Marsh?

CCARE draws upon the extensive knowledge and experience of a highly skilled team comprising over 100 dedicated experts in climate risk and strategy, business resilience, and engineering, based in Asia. This team has assessed the impact of climate perils to more than US$1 trillion in asset value in Asia in 2023. Their expertise extends beyond practical applications, as they have also made substantial contributions to the scientific community through over 20 publications on climate risks.

Marsh Asia is committed to tailoring effective climate adaptation approaches with initial focus in empowering businesses in communication and technology, energy and power, and agriculture sectors in Asia.

100+

Dedicated climate risk, resilience and engineering experts in Asia.

500+

Site inspections conducted in Asia in 2023.

>US$3 trillion

Total value modelled against climate perils in Asia in 2023.

170+

Parametric policies placed.

Our People

Speak to us today for more information about our climate adaptation solutions.

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1 Explainer: How Asia Can Unlock $800 Billion of Climate Financing.  https://www.imf.org/en/Blogs/Articles/2024/01/29/explainer-how-asia-can-unlock-800-billion-of-climate-financing