Zurich says that the platform leverages climate data to support risk mitigation strategies and resilience planning.
Amar Rahman (pictured above), global head of climate and sustainability solutions at Zurich Resilience Solutions, said the tool addresses the need for actionable climate risk insights.
“Climate Spotlight caters to the needs of companies and public entities by giving them access to state-of-the-art climate risk data and analysis in a flexible and accessible manner that empowers them to take action and safeguard their people and assets,” Rahman said.
The solution offers two products tailored to varying needs. Climate Spotlight Core provides a live, self-service dashboard for identifying climate risk exposure across up to 100 sites worldwide.
Climate Spotlight Expert includes additional customisation, such as specific metrics, vulnerability data, unlimited site analysis, and consultation with Zurich’s climate risk specialists.
Climate Spotlight also supports strategic and operational decision-making by offering detailed insights into climate-related exposures. It includes data for climate reporting, addressing four climate scenarios extending to 2100.
The tool analyses risk identification, materiality, and hazard evolution, aligning with Corporate Sustainability Reporting Directive (CSRD) requirements and integrating with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
Zurich noted that the launch of Climate Spotlight aligns with its broader commitment to assisting customers in managing climate risks and transitioning toward more sustainable practices.
The launch of Climate Spotlight coincides with Zurich’s announcement of setting new targets for profitability and profit growth for the next three years, after a better-than-expected market environment put it on track to exceed its existing guidance a year ahead of plan.
The insurer pledged to increase core earnings per share at a compound annual growth rate of more than 9% through 2027 and reach a core return on equity of more than 23%. It also targets cumulative cash remittances of more than US$19 billion, compared with US$13.5 billion in the previous plan.
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