Introduction to Climate on Demand

Overview

Climate on Demand delivers a forward-looking view of the risk of catastrophe events due to climate change and the financial impact of those events including floods, heat stress, hurricanes and typhoons, sea level rise, water stress, and wildfires. Climate on Demand also produces present-day views of earthquake risk, which are unaffected by climate change.

The Climate on Demand API enables Moody's RMS customers to integrate and leverage hazard modeling and financial impact modeling operations and data with custom applications. Using the Climate on Demand API, you can model corporate facilities and other types of real assets around the globe to calculate hazard scores and financial impact scores.

Hazard modeling

Hazard modeling enables you to calculate the severity and frequency of hazard-specific catastrophe events for facilities.

This operation returns risk scores and risk levels that can aid in understanding a facility's exposure to different physical climate risks known as risk categories. Climate on Demand supports hazard scoring of facilities exposed to floods, heat stress, hurricanes and typhoons, sea level rise, water stress, and wildfires. Earthquakes, though not climate-related, are also supported.

For more information on Climate on Demand hazard scoring APIs, see Climate on Demand API Endpoints.

Financial impact modeling

Financial impact modeling allows you to calculate the projected financial impact of hazard-specific catastrophe events on facilities.

Climate on Demand supports financial impact modeling across the following risk categories: floods, heat stress, hurricanes & typhoons, sea level rise, water stress, wildfires, and earthquakes. For each risk category, clients may access multiple financial impact metrics including annualized damage rates (ADR), standard deviations in ADR (damage volatility), as well as an impact score ranging from 0-100 to contextualize estimated damages globally.

Financial impacting modeling is available to tenants that have licensed Climate On Demand Pro. Hazard scoring is also available to Climate on Demand Pro customers.

For more information on Climate on Demand financial impact scoring APIs, see Climate on Demand API Endpoints.

Climate on Demand Licensing

Moody's RMS makes the Climate on Demand API available to RMS Intelligent Risk Platform tenants in two licensed tiers: Climate on Demand and Climate on Demand Pro.

  • Climate on Demand supports hazard modeling operations for facilities.
  • Climate on Demand Pro supports hazard modeling and financial impact modeling operations for facilities and portfolios of facilities.

To learn more about Climate on Demand licensing options, see Policies.