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Highlights

The March release introduces two new API endpoints that score climate shock events:

• shock-event-facilities
• shock-event-portfolio

Two additional API endpoints are created for scoring return period damages:

• score-facilities-impact-rp
• score-portfolio-impact-rp

Learn More

New Climate Shock Event Endpoints

This new API-only feature allows Climate on Demand Pro users to evaluate their Malaysia and Singapore assets against regulator-defined thematic climate shocks, specifically extreme flood events in Malaysia and Singapore. These APIs deliver damages for “shock events”. These shock events are designed to match hypothetical climate shock events defined by Banking regulators in various markets for the purposes of stress testing lending portfolios.

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Shock Event Modeling

These new API endpoints are independent from Climate on Demand Pro global impact modeling and use simulated climate damages from Moody's RMS Southeast Asia Flood models. Documentation is available on Support Center separately from Climate on Demand Pro’s P.2023.2 methodology.

Submit Shock Event Job

The shock-event-facilities and shock-event portfolio endpoints allow you to lookup damage data from a backend database by querying both the regulator and shock event description.

Moody's developed the data to estimate damages for various shock events by selecting cat risk events from the Southeast Asia Flood model by using Risk Modeler / Risk Link software and post code-level industry exposures. We selected multiple events from the catalog of model-simulated events that are analogs for the 200-year flood for the region. We processed the model data into estimated damage rates by a spatial resolution code (e.g. postal code), event id, and type of damage (building, contents, BI). Other lookup characteristics are also included, such as occupancy type.

Each shock event API request requires you specify a regulator, a portfolio_id, event_description, and the job_type. Climate on Demand returns a job_id.

Shock Event Get Job

This endpoint retrieves the status of a specific job by its job_id. Once the job has succeeded you can download the scoring results file.

Return Period Damages

The new endpoints produce damage estimates for high severity events across the existing scope of Climate on Demand perils, climate scenarios, and asset classes. This first release provides damage rates for 4 out of 7 of our acute perils for Real Assets, including facilities and portfolios:

• Floods
• Hurricanes & Typhoons
• Sea Level Rise
• Wildfires

These damage estimates include all currently covered climate scenarios: RCPs, NGFS, and impact time horizons.

Impact Return Period Job Request

This new endpoint is part of the V2 workflow and represents two new options when specifying the 'job_type' parameter: score-facilities-impact-rp and score-portfolios-impact-rp. This occurs during the Submit Job V2 step.

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Size Limitations

The new endpoints will have the same size limitations as existing endpoints score-facilities-impact (1 million facilities) and score-portfolio-impact (20 thousand facilities).

Once you select the type of return period job, you must specify the return_period value for that parameter. This returns a job_id. Use the Get Job V2 endpoint to retrieve the job status and the download_url, which provides access to a CSV file with facility or portfolio-level risk data.

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Return Period Restrictions

The new return_period parameter accepts a list of up to 10 return periods per a single request. These values, which are expected to be whole numbers, may accept up to 2 decimal places.