Climate risk operationalisation · Specialty insurance

Between a climate scenario and a board decision sits a chain nobody owns.

Whose name sits against it?
To shape the conversation at the 1 January 2027 renewal, the diagnostic needs to be underway this autumn.
NKR Advisory traces that chain, link by link, and puts a name at every handoff.
ORSA · Climate scenario to board decision sign-off

The ORSA runs at least annually. The board owns it.

There is no deadline for closing the gaps. Once a year the chain is read again, and the board signs. The same unsigned handoffs come back, with the same name on the minute.

An evidenced ORSA is the floor. Capital efficiency is the ceiling.
One scenario, one firm, traced end to end to the board minute.
01 · Who this is for

CROs, CFOs and heads of underwriting at specialty insurers and Lloyd's managing agents.

Specialty insurers writing material climate-exposed lines, without a climate science department. SS5/25 asks them the same questions it asks the largest carriers - and reads the answers at least once a year, in the ORSA, under the board's signature.

The chain between a climate scenario and a board decision has no owner in most firms. That chain needs owning, link by link, with a name at every handoff.

The undertaking

Within six weeks of engagement you will hold a documented list of the points where your chain breaks, traceable to SS5/25 paragraphs.

Whether or not you take it further. Fixed fee, set out in writing against the agreed scope. The deliverable stands on its own, and it makes the next step obvious, or shows you that you do not need one.