Conning takes 2025's Portfolio climate risk solution of the year Award for its Climate Risk Analyzer, which it launched in response to increased interest in ESG investing and the evolving requirements from the Bank of England's Climate Biennial Exploratory Scenario (CBES).

The Risk Analyzer allows insurers to explore the impact of climate change for strategic planning and reporting. It accommodates a range of climate scenario frameworks and allows insurers to analyse portfolio market risk at different future time horizons.

The Analyzer uses an underlying stochastic model of asset returns, which allows for the analysis of the entire risk distribution conditional on a climate scenario to be quantified at long, medium, and near-term time horizons.

To complement the software tool, Conning has also released several pieces of thought leadership to guide insurers through the process of evaluating the impact of climate risk.