Portuguese Insurer Fidelidade Launches Climate Research Center to Navigate Extreme Weather Risks
Fidelidade’s Impact Center for Climate Change (ICCC), launched in October 2024, serves as a research and knowledge center focused on understanding climate change impacts on the insurance sector and society. During the Kristin storm, the center provided critical operational support by producing damage incidence maps and insights. The center operates across three spheres: insurance business improvement, client and partner education on climate risk, and collaboration with academia and policymakers. Analysis of the Kristin storm revealed significant findings about housing vulnerability patterns and structural weaknesses.