First look: ClimateCheck inks deal with Black Knight for climate risk analytics
to the private sector and the public, has struck a partnership with Black Knight Inc., a mortgage technology and data company, the firm first told Axios.The agreement, which is for an undisclosed sum, is part of a surge of deals in economic sectors that are vulnerable to exposure to climate hazards, such as real estate and insurance.
“Our offering with Black Knight is a crucial tool to help lender risk management and [is] becoming even more important with the evolving regulatory environment from SEC and others,” said ClimateCheck CEO Cal Inman, told Axios via email.ClimateCheck is one of many providers of climate risk data, joining firms like 427, Jupiter Intelligence, Moody's and others.
"Black Knight is the leading mortgage data platform that lenders are already using as part of their workflow," Inman told Axios via email. "Lenders now have instant access to the best, most transparent climate risk data. They can just push a button and add climate risk insights to their data feed."ClimateCheck provides climate change risk scores based on more than 50 climate simulations from peer-reviewed sources.
The company says it works to make this model output, which may be applicable at larger scales, meaningful for property-level risk analysis. But this process can introduce greater uncertainties. It is an approach that differs from other players in this space, such as Jupiter Intelligence, Tomorrow.io and the nonprofit First Street Foundation. These larger organizations have invested more resources to develop bespoke — and in some cases peer-reviewed — models for property-level hazards, such as
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