Since climate change and global warming are wreaking havoc, exposure to climate risk insights is vital because it helps in the right course of action. 

As a result, Informatica Intelligent Data Management Cloud acts as a stepping stone toward providing visibility into climate-related risks, as well as offering insights about environmental, social and governance disclosures, according to Levent Ergin (pictured, right), global chief ESG sustainability strategist and global head of ESG strategic alliance partnerships at Informatica Inc.

Informatica’s James Sizemore and Levent Ergin, as well as Dun & Bradstreet’s Jason Lindauer talk to theCUBE about the importance of climate risk insights.

“What we’re really excited about is making this climate risk insights data available as part of Informatica’s IDMC for ESG sustainability,” Ergin stated. “As Informatica, we allow and enable our customers to manage their data in a single unified platform where we will then be enriching that data with climate risk insights from Dun & Bradstreet, to then be able to get all of these additional dimensions to enable them to have those scenarios where they can then figure out what is the right course of action that we need to take.”

Ergin, Jason Lindauer (center), senior director and global head of ESG products at Dun & Bradstreet Inc., and James Sizemore (left), insurance chief strategist at Informatica, spoke with theCUBE Research’s Rob Strechay at Informatica World, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed the importance of climate risk insights when addressing climate change effects (* Disclosure below.)

How climate risk insights fit into the insurance picture

Since the insurance industry is shifting from the narrative of detect and repair to predict and prevent, climate risk insights are of the essence. This is because advanced analytics and real-time data are needed when offering modern insurance products, Sizemore pointed out. 

“ESG requirements are either in place or emerging in 191 countries globally … so from an insurance perspective, it is very much on the radar,” he noted. “From Informatica’s perspective, the insurance industry response to climate change is really our opportunity to help carriers sort of shore up their legacy data estates so that they can respond gamely to climate change by offering modern insurance products to their customers fit for these times.” 

Given that climate change threats are felt across operations and supply chains, understanding the entire scope is fundamental. This is why climate risk insights should be derived from short-term and long-term forecasts, as well as current and historical perils, according to Lindauer. 

“Climate is a big data problem,” he said. “The world needs to get rid of about 900 billion tons of carbon in the atmosphere to get below pre-industrial levels, and you need big data, AI, to help solve this problem. We’ve seen that NOAA has calculated that there’s been more than $60 billion plus disasters over the past five years that have costed the economy and companies more than $100 billion in losses.”

Here’s the complete video interview, part of SiliconANGLE’s and theCUBE Research’s coverage of Informatica World: 

(* Disclosure: Informatica Inc. sponsored this segment of theCUBE. Neither Informatica nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE