On 1 June 2026, Deltaforms attended the Copernicus Thematic Workshop on Climate Risks for Insurance and Finance in Brussels.
Organised by EUSPA – EU Agency for the Space Programme, the event brought together European institutions, regulators, banks, insurers, reinsurers and Earth Observation actors to discuss how Copernicus and space-based data can better support climate risk assessment and decision-making.
The morning session focused on the policy and regulatory context. Speakers from the European Commission, including DG DEFIS, DG CLIMA and DG FISMA, presented European priorities related to climate resilience, adaptation and sustainable finance. EIOPA addressed the role of Earth Observation in strengthening catastrophe risk supervision, while EBA presented expectations related to the management of physical risks by European banks.
A second session focused on long term risk modelling and planning. Contributions from EUSPA, EIB, EEA, BNP Paribas and ING covered the use of Earth Observation for risk modelling, climate risk viewers, exposure and vulnerability data as well as banking practices for physical risk assessment.
The workshop also included interactive discussions on user needs and requirements, with a focus on long term risk modelling, exposure data, vulnerability and underwriting needs.
The afternoon session focused on event footprint evaluation. Speakers from Evenflow, ECMWF, JRC and Mapfre Re addressed the use of Earth Observation for post-event context, Copernicus Emergency Management Service applications, claims and crisis response, flood assessment and damage evaluation.
The discussions highlighted the growing role of Earth Observation in helping insurance and financial actors better understand physical risks, exposure and vulnerability in a changing climate.
They also showed that the challenge is not only technological. It is also about building a common language between Earth Observation experts, regulators, actuaries, underwriters, risk managers, banks and infrastructure operators.
For Deltaforms, this workshop is directly aligned with our work on physical risk intelligence. We develop models combining satellite Earth Observation, environmental parameters, exposure data and vulnerability indicators to transform physical signals into risk indicators that can support insurance, finance and infrastructure decision-making.
This participation is part of Deltaforms’ commitment to developing new approaches to risk modelling based on observable physical data, regularly updated information and operational use cases for insurance, finance and infrastructure actors.