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Highlights

The March 19 release introduces the following updates and features:

• CoD Real Assets Pro API now supports evaluation of locations and portfolios with a new methodology version P.2026.1.
• Climate on Demand expands reporting of physical risk damages by the type of damage, continuing to report on Combined damage and now separately reporting damage to Building, Contents, and Business Interruption (BI).
• Updated metric naming conventions with improved standardization to accommodate our growing set of financial impact metrics.
• Climate on Demand now uses the Moody's Flagship Geocoder (MFG), upgrading from the MRMS v25 Geocoder.
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Introducing Methodology Version P.2026.1

Climate on Demand Real Assets Pro API now supports evaluation of locations and portfolios with a new methodology version P.2026.1. The following updates are encompassed in this version of the methodology.

Expansion of Metrics

P.2026.1 introduces an expansion of the mean annualized damage metrics, which will now be separately reported for Building, Contents, and Business Interruption (BI), as well as continue to be reported as Combined mean damage metrics. You can now optionally input exposure values by Building, Contents, and BI to inform the calculation of damage metrics. If these values are not known, our proprietary models continue to estimate the allocation of type-specific exposures using industry-wide assumptions.

Climate on Demand reads type-specific exposure values from the portfolio import template if it contains columns labeled as Value - Building, Value - Contents, and Value - BI. To avoid making too many assumptions from ambiguous inputs, only certain combinations are accepted by the software. Feedback is delivered to you by the status of the portfolio - READY or FAILED - and within the CSV file provided by the download link as row-by-row error messages. Partial inputs of type-specific exposure values will result in a FAILED portfolio import.

The following combinations of exposure value inputs are accepted:

• No values provided. Value, Value - Building, Value - Contents, Value - BI are left blank.
• Only Value (combined exposure value) is provided.
• All type-specific values provided: Value - Building, Value - Contents, Value - BI and combined Value is blank.
• All values provided and Value = Value - Building + Value - Contents + Value - BI

Additionally, when jobs are submitted, the API now includes some additional text in the JSON response that allows you to better understand what types of portfolio inputs are being used with the job.

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Increase in Runtimes Due to Expanded Output Data

This feature is a significant expansion in output data sizes for the score-facilities-impact and score-portfolio-impact job types. Job run times are correspondingly longer. Based on internal performance testing, this additional data can result in job run times that are up to 2x longer.

Return Period damage metrics will continue to be reported on a Combined basis only for this release, combining Building, Contents, and BI.

The addition of this feature for RP damages will be considered for future releases. RP damages are affected by methodology changes, so combined damages may change values for the same locations when comparing to methodology P.2026.1 to P.2023.2.

Model Updates

The Global Wildfire Model underpinning ’s Wildfires metrics has been recalibrated to incorporate updates from the 2024 US HD Wildfire Model Version 2.0 and the newly released Australia HD Bushfire Model Version 1.0.

Wildfires updates incorporate the latest US and Australia wildfire models, expanded historical fire data, refined assumptions on how fires spread and impact-built areas, updated climate projections, and resulting regional changes in wildfire risk levels. As a result of these updates and the incorporation of additional data, mean Annualized Damage Ratios (ADR) have shifted across regions compared to methodology P.2023.2.

• Increases are observed in parts of the western United States (including Colorado and Texas), southern Europe near the Mediterranean, and coastal areas of Chile and Argentina.
• Decreases are observed in Australia following the release of the HD bushfire model, as well as across Africa (particularly South Africa), South Asia, and northern European countries.

These changes reflect refinements to regional wildfire risk assessments rather than uniform global trends.

Nomenclature Refinements

Climate on Demand has updated naming conventions for risk metrics with improved standardization. These changes help to clarify the interpretation of dimensions of Annualized Damage modeling, better differentiation between ratios and $ values, metrics summarizing probability distributions (Mean and Standard Deviation), and probability of exceedance metrics (Return Periods). The following list and table show an example of name changes in the Heat Stress metrics.

Summary metrics

• Annualized Damage Rate has been renamed to ADR Mean
• ADR Standard Deviation has been renamed to ADR St Dev
• Average Annual Damage has been renamed to ADV Mean, an abbreviation for Annualized Damage Value.

Tail Risk / Return Period metrics

• RP Damage Ratio renamed to ADR Return Period
• RP Damage Value renamed to ADV Return Period

In data outputs, all metrics follow the nomenclature format: [Peril] - [Metric] - [Split Type]

Switch to New Geocoder Service

Climate on Demand now uses the Moody's Flagship Geocoder (MFG), upgrading from the MRMS v25 Geocoder. This change gives you future flexibility to improve geocoding, including more frequent updates and improvements in a wider variety of geographies. The initial MFG launch includes additional support for points of interest, as well as updates to data layers that add resolution to results for Southeast Asia and Central and South America.

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Geocoding Documentation

Geocoding is a separately-managed service that is integrated with Climate on Demand as well as other applications. As such, documentation on Support Center is available under separate cover.

Climate on Demand Corporates

Below are the improvements related to Climate on Demand Corporates for this release.

Bulk Search Option

Climate on Demand Corporates user interface (UI) now allows you to search multiple companies at once using a bulk search option. The bulk search can take in a collection of identifiers as a single group and, upon completion, will filter UI screens to the companies matching those identifiers. This allows you to upload portfolios of issuers and analyze them in the application, as well as to export results filtered to a single portfolio.

As with all Climate on Demand content, product documentation is available on Support Center.