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Techonomy: How Catastrophe Bonds Help Mitigate the Impact of Climate Change
May 17, 2023

150 minute read

One big thing: In our series with Techonomy, Paul Schultz, CEO of Aon Securities, discussed how Aon’s catastrophe bond modeling helps to mitigate risk from severe weather events.

  • Catastrophe bonds recently marked their 25-year anniversary as an asset class that was created to diversify risk for insurers to help support their growth and resilience against natural disasters.
  • Aon advised on over half the catastrophe bonds issued in 2021.

Aon’s Impact Forecasting team is a catastrophe modeling center of excellence that helps create a “better and tighter fit for clients than if you relied on one single data point,” according to Schultz. He added, “We want to grow the entire market, but we also want to maximize the social impact from these transactions.”

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