Asset Value Under Climate Change

MANAGING DIRECTOR

Belinda Storey is the Managing Director of Climate Sigma, the company she founded in 2014. Her research focuses on the impact of extreme events on infrastructure, real estate, banking, and insurance. In 2017, Belinda coined the term “insurance retreat,” a concept that has been adopted both domestically and internationally. She also pioneered the “climate leases” model for valuing property, and the “loss of design life” model for valuing infrastructure under climate change. Belinda also serves as a Director of the State-Owned Enterprise AsureQuality.

Belinda received her PhD in Economics in 2025. Her thesis developed her insurance retreat and the loss of design life concepts to financially quantify future climate extremes. She also holds an MBA in Finance from Columbia University, New York, and a Master’s degree in Disaster Risk from the University of Canterbury.  

In May 2022, Belinda was honored as Wellingtonian of the Year for Science and Technology, in recognition of her groundbreaking work in pricing climate risk.