Inaugural Innovation Summit Steers Climate Resilience from Ideation to Action

The Catastrophe Resiliency Council (CRC) held a first-of-its-kind Resilience Innovation Summit, bringing together experts from government, regulatory agencies, academia and industry to work together to advance research and development ideas around catastrophe and climate risk.

Much of the summit, held at The Institutes in Malvern, Penn., this November, centered around a proposed Open Industry Exposure Database, described as an openly accessible data asset of economic and insured values in the United States, supporting multiple lines of business, perils and varying geographic resolutions and serving multiple use cases not limited to the insurance sector.

The database would be built using an open exposure data format in support of open modeling and global initiatives to develop open data standards, and would allow for extensibility of the data structure.