SCOR Joins Forces with Lancaster University to Launch Innovative Climate Prediction Market Initiative
SCOR Joins Forces with Lancaster University to Launch Innovative Climate Prediction Market Initiative

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SCOR, a prominent French reinsurance company, is supporting an initiative led by Lancaster University Management School to utilize prediction markets for improved climate forecasting. This project, known as CRUCIAL, aims to aggregate diverse climate risk predictions from experts, creating a unified forecast to aid in funding climate research. The prediction market format, which harnesses varying models including AI, transforms expert insights into probabilities of future climate outcomes. SCOR’s Foundation for Science will provide funding for the initiative to enhance its infrastructure and incentivize participant engagement.

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