Aon has teamed with Catalyst Technologies on a threat intelligence and critical event management platform for climate risks in Australia that includes the ability to provide early warning alerts.

“Australia’s built environment is heavily exposed to a wide variety of extreme weather perils,” Aon MD Specialties Jennifer Richards said.

“Our common goal is to ensure that all Australian businesses remain prepared for and able to respond to severe weather events and build resilience to be better prepared for future events.”

Catalyst’s iluminr platform allows organisations to protect people and operations by providing early warning alerts, enabling leaders to proactively communicate and quickly resolve emerging climate-related threats.

Catalyst Technologies Co-Founder and Chief Growth Officer Marcus Vaughan says there are opportunities for organisations to reduce the impact of extreme weather events.

“Organisations are currently grappling with the compounding effects of increasing physical climate risks, and a retreating insurance market, leaving a much greater exposure on their balance sheet each year,” he said.

“By adopting technology these organisations are able to increase their threat awareness, and improve their crisis response time and effectiveness.”