X

Log in

Forgot password?

Don't have an account with us?

Register Now

Climate and property blind spots revealed: making the right decision at the right time

Missed out on the latest InsTech evening event or just want a refresher? No problem! Watch the six full panels filmed live at the event featuring speakers from EigenRisk Inc., Reask, Alesco Risk Management, Vave, Scrub AI, Renew Risk, Synergy Cloud, Securis Investment Partners LLP, Howden, Apollo, Inigo and Eudaimon Consulting.

About the event

Although models and tools for climate and catastrophe underwriting have been available for 30 years, the insurance industry still experiences unexpected losses from natural and man-made disasters. With the support of EigenRisk and Reask, we brought together leading founders, insurers, brokers, and climate experts to explore the tools available in 2024 to reduce such unpleasant surprises.

Join us virtually in collaboration with EigenRisk and Reask with all six panels filmed live at the event “Climate and property blind spots revealed: making the right decision at the right time” on 23rd July.

 

Stronger together

Join us for a discussion with experts from EigenRisk and Reask as we dive into the world of catastrophe risk analytics. We’ll talk about identifying blind spots with real-time data, making sophisticated models user-friendly, and the importance of dynamic weather forecasting. Discover how these innovative platforms are revolutionising risk assessment, improving claims response, and enhancing customer engagement. Plus, get practical insights from real-world cases on hurricane risk assessments.

Panel Includes:
– Deepak Badoni, Co-founder & President – EigenRisk Inc
– Jamie Rodney, CEO – Reask
– Hosted by Matthew Grant, CEO – InsTech

Shining a light on the blind spots

In this panel, experts from Alesco, Vave, and EigenRisk discuss their advanced approaches in risk management and insurance. Key topics include the modelling and analytics in various industries, the use of algorithmic underwriting, and the integration of real-time event data for proactive risk assessment. Insights are shared on managing climate impacts, addressing renewable energy risks, and enhancing catastrophe modelling to inform underwriting and claims processes.

Panel Includes:
– Derek Thrumble, Managing Partner – Alesco Risk Management Services
– Tim Spencer, Head of Analytics – Vave
– Deepak Badoni, Co-founder & President – EigenRisk Inc
– Hosted by Matthew Grant, CEO – InsTech

Risk revealed: more start-up stories

Join us for a discussion with two entrepreneurs who are pushing the boundaries of their industries. In this panel, Nicola, co-founder of Scrub Ai, explains how its innovative machine-learning solution is automating the data cleaning process in insurance. Scrub Ai is tackling inefficiencies and reducing high costs by turning a manual task into a streamlined, cost-effective process.

Dr. Josh Macabuag from Renew Risk delves into the challenges of insuring offshore wind farms. His startup is developing specialised catastrophe models to fill a critical gap in risk analytics for these large renewable energy projects, exploring both the hurdles and opportunities in this growing sector.

Panel Includes:
– Nicola Turner, Co-Founder – Scrub Ai
– Dr. Josh Macabuag, Co-Founder, Chief Product Officer – Renew Risk
– Hosted by Jeremy Hyams, Founder – Synergy

Climate cycle and catastrophe concentrations

Get an insider’s perspective on how experts from Securis Investment Partners and Howden tackle the challenges of climate cycles and catastrophic risks. They explore how climate conditions influence risk models, the impact of rising sea temperatures on hurricanes and how investors and corporations must adapt their strategies to evolving climate risks. From parametric insurance solutions to climate risk engineering, discover what the future holds for disaster resilience and climate adaptation in the financial sector.

Panel Includes:
-Paul Wilson, Partner Catastrophe and Climate – Securis Investment Partners LLP
-Marc Lehmann, Head of Physical Climate Risk Advisory – Howden Climate Risk & Resilience
-Hosted by Alexandre Caillol, Head of Business Development – Reask

The insurers’ view

Discover how industry leaders like Inigo and Apollo are approaching risk management with advanced climate analytics and parametric insurance solutions. Dive into the latest insights on how climate change is reshaping hurricane seasons, the impact of the Saharan dust bowl and the importance of Accumulated Cyclone Energy (ACE) in forecasting. Learn how companies like Reask are helping organisations develop forward-looking risk models, while NormanMax pioneers ESG-friendly parametric insurance for global natural catastrophes.

Panel Includes:
– Vinay Mistry, Chief Risk Officer – Apollo
– Ruth Petrie, Principal Risk Scientist – Inigo
– Hosted by Matthew Grant, CEO – InsTech

Are we there yet?

This panel delves into predictive modelling in insurance with Parul, an independent consultant with a career at Liberty and AXA. Discover why model provenance, methodology, and adaptability are critical for insurers. Learn about the balance between traditional and innovative models, especially in the context of climate change and risk assessment.

We also cover the challenges faced in high-risk areas like California and Florida, and how insurers can use proprietary data and model flexibility to gain a competitive edge. Parul offers valuable advice for both insurers and modellers on navigating these unprecedented times.

Panel Includes:
– Parul Kaul-Green, Founder & CEO – Eduaimon Consulting
– Hosted by Robin Merttens, Chairman – InsTech

CII Logo
Continuing Professional Development

This InsTech Evening Event was accredited by the Chartered Insurance Institute (CII). By attending, you can claim up to 1.5 hours towards your CPD scheme.

If your organisation is a Corporate Member of InsTech and you would like to start receiving a quarterly summary of the CPD hours you have earned through InsTech, then please let us know by emailing [email protected].

The Learning Objectives for this event were:

  • Describe how advancements in risk analytics are being utilised to uncover and address “blind spots” in insurance rate making
  • Explain the role of data and analytics providers in understanding insurance risk for climate, catastrophe and man-made perils
  • Summarise best practices for leveraging a risk analytics platform for exposure management, risk management and pre-underwriting

Please take a minute to fill in this short feedback form and let us know what you thought of this event.

Stay up to date with the latest from InsTech