On 21 and 22 October 2025, University College London (UCL) and the Barcelona Supercomputing Center (BSC) convened a group of 35 climate analytics providers, asset managers, insurers, and regulators met to discuss questions about the quality and trustworthiness of a growing market of analytics providers offering products ranging from raw climate data to tailored climate information services for the re/insurance and finance sectors.

This meeting was organised under the umbrella of two projects: the EU’s Climateurope2 and UKRI’s Modeling for Decision Making, with facilitation support of a team from UCL, BSC, the London School of Economics and Political Science, Maximum Information, Foresight Transitions Ltd, the UK Met Office, and Climate-KIC.

Why This Matters

There is a growing market of analytics providers offering products ranging from raw climate data to tailored climate analytics services for the re/insurance and financial sectors. The rapid market growth raises important questions about the quality and trustworthiness of what is being offered and whether standards would offer a promising path for analytics governance.

About the Workshop Report

The event highlighted both the urgency and complexity of strengthening governance in the climate analytics market for the re/insurance and finance sector. In this report, we summarise key insights for supporting standardisation of good practice within climate risk analytics.