Climate change is no longer just a distant threat; it’s a harsh reality that’s reshaping the way we live and do business. For the insurance industry, in particular, understanding and managing climate-related risks is crucial. Traditional actuarial models, built on historical data and actuarial formulas, are no longer sufficient to tackle the evolving nature of climate risks. This is where AI-driven climate risk models come in, offering a powerful tool to predict, price, and mitigate these risks more effectively.