Principle 5 - Inform public policy making (continued) up of a diverse membership united in favor of environmentally responsible, fiscally sound approaches to natural catastrophe policy that First Street Foundation promote public safety. The coalition has a focus on climate change and believes that the U.S. Federal The First Street Foundation is a science and government has a role in encouraging and helping technology non-profit organization dedicated to homeowners to undertake mitigation efforts to making climate risk easy to understand and actionable safeguard their homes against natural disasters. The for citizens, governments, and industry. The First coalition opposes measures that put people’s lives at Street Foundation uses transparent, peer-reviewed risk at the expense of taxpayers, such as measures methodologies to calculate current and future climate subsidizing artificially low rates for homeowners’ risks facing individual properties across the United insurance policies which may help to encourage States, empowering Americans to protect themselves construction in environmentally sensitive and unsafe and their homes. The First Street Foundation built the areas. The coalition is working to ensure that the U.S. First Street Foundation National Flood Model, the first Congress does not incentivize people to live in harm’s publicly available, peer-reviewed model to consider way in places prone to hurricanes and floods. changes in the environment in determining flood risk to individual properties. Current and future homeowners can access property-specific flood risk information, including its financial impact, through Flood Factor, a free online tool built by the Foundation. RenaissanceRe is a supporter of First Street Foundation’s initiatives, and InsuResilience in addition to licensing their high-quality flood maps to further inform its view of flood risk, RenaissanceRe Through its IDF membership, RenaissanceRe is part is partnering with First Street Foundation to work of InsuResilience, a global partnership for climate on multiple projects that look at the effect of climate and disaster risk finance and insurance solutions. change on flood and other factors across America. The vision of the InsuResilience Global Partnership is to strengthen the resilience of developing countries and to protect the lives and livelihoods of poor and vulnerable people from the impacts of disasters by enabling faster, more reliable, and cost-effective SmarterSafer responses to disasters. RenaissanceRe is a founding member of SmarterSafer, a national coalition that is made 5.2. Support and undertake research on climate change to inform our business strategies and help to protect our customers’ and other stakeholders’ interests. Where appropriate, share this research with scientists, society, business, governments and NGOs in order to advance a common interest. RenaissanceRe Risk Sciences events of 2017 that highlight the impact of climate RenaissanceRe, through its wholly owned subsidiary, change and the higher propensity for significant RenaissanceRe Risk Sciences, seeks to assist in the weather conditions as a result of climate change. understanding of natural hazards and evolving risks. RenaissanceRe Risk Sciences’ mission is to integrate science and technology to deliver meaningful business solutions for its clients, and its advanced 16 advanced scientists with, on scientists leverage its deep expertise to elevate average, 22 years’ of experience RenaissanceRe’s understanding of loss exposures and gain actionable risk intelligence. in the industry, actively working The RenaissanceRe Risk Sciences team is made up on research into 11 perils across of 16 advanced scientists with, on average, 22 years’ 3 of experience in the industry, actively working on 35 countries. research into 11 perils across 35 countries.3 The team engages actively in research of natural hazards and 3 evolving risks and released both an Insurance Insider Data as of December 31, 2021. article on US severe convective storm activity in 2012, and a paper on understanding the California Wildfire Page 20