Create a holistic framework to assess the risk exposure of Financial Institutions (FIs) to natural disasters like typhoons, which are frequent and cause significant damage in Philippines.
Solution Approach
Solytics conducted an in-depth historical analysis of the financial impact of Typhoons on the GDP of Philippines by:
Collecting historical data of typhoons over the last and decade and their associated economic impacts.
Assessing the risk exposure to typhoons and other natural hazards including tornadoes, wildfires, earthquakes, and heatwaves, totaling over 300+ natural disasters in the 21st century.
Evaluating the financial implications and resilience strategies.
Client Impact
Improved understanding of natural disaster risks.
Enhanced risk management and mitigation strategies.
Provided actionable data for investment and planning decisions.