InsTech News: Climate risks and Kanye West

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This week, how InsTech can help you keep up with climate risk developments. Breaking news includes investment for Reask, a new property solution from Tractable and a reveal of our podcast listeners’ Spotify habits. 

Click on the headlines for more information. 

Climate Change Risks and Opportunities Today - Podcast 174

We’ve pulled together some of the highlights from our recent Live Event at CodeNode in London for this week’s podcast. Find out how insurers are responding to the challenge of measuring climate change impacts. Hear solutions and examples from S&P Global, Beazley and Chaucer, plus contributions from Fathom and Maximum Information. 

From Flood Focus to Climate Risk - how to get climate news from InsTech 

Our successful Flood Focus newsletter is being expanded to cover more climate events and analytical solutions. Your chance to check-in monthly that you are up to date with latest developments and key facts. The first issue of the Climate Risk newsletter will be released on Thursday 10 February.

Reask gains funding to develop global hazard models 

The new investment, led by Chinese technology company Tencent, will support the development of Reask’s AI-based models to help reinsurers deal with the increasing frequency and losses from catastrophe events and climate risks. We interviewed Reask for Episode 127 of the InsTech London podcast and they will be joining us on stage in March.

Tractable launches smartphone solution for assessing property damage

The new AI Property tool enables users to submit photos of property damage to be assessed by Tractable’s AI platform before being sent to insurers. The technology has been used by MS&AD Insurance Group Holdings in Japan to process claims from Typhoon Mindulle and will now be available in North America.

Motor insurer Zego targets further European expansion

Zego is looking to expand its reach in Europe after launching in the Netherlands and expanding operations in France. The commercial motor insurer is also working on a new product to help companies reduce their fleet insurance premiums. 

KYND secures £3.25m investment

The funding from growth capital investor BGF will be used to accelerate KYND’s global expansion plans and further the development of its API-based risk insights platform. 

Member Spotlight - INARI

InsTech’s Henry Gale speaks to Frank Perkins, founder, CEO and CTO of INARI, about drivers for innovation in insurance technology, data management and ingestion, and how the company’s platform supports insurers.

Demystifying AI in property & casualty

In Arturo’s latest webinar, Neil Pearson and Dr Daniela Moody break down topics including external pressures, how AI can mimic the human brain, using AI across the policy continuum, and how the technology can increase quote conversions.

Previsico announces new Chairman

David Marock is to join the team at Previsico to support the growth of the business. The flood forecasting company is now working with over 100 organisations including Zurich and BT. 

Insurance Families Network (IFN) seeks sponsors

The IFN is an Inclusion@Lloyd’s approved partner network and is looking for corporate sponsors for 2022. They would love to hear from interested insurtech companies looking to support the creation of a more family-friendly insurance industry for working parents and carers.

And finally… our listeners' favourite Spotify artists revealed

Who says insurance isn’t cool? While delving through our Spotify analytics, we discovered our podcast listeners' Top 5 favourite musical artists. Click the link below to find out who made the list.