This week, predictions on how the parametric insurance space is changing, understanding terrorism exposure with Allphins and new insights on UK flood risk from JBA Risk Management.
Kumar Dhuvur, Co-founder and Head of Product at Zesty.ai, is Matthew’s guest on this week’s podcast. They discuss how Zesty.ai is helping insurers to understand climate risks and how personal experiences of wildfires in California led to the creation of the company’s wildfire risk insights.
Ahead of the launch of our new parametric insurance report, we asked four experts to give us their predictions on how the space will change over the next three years. The report, “Parametric Insurance in 2022: the 150+ companies to watch”, will be released on 14 June and free to InsTech members. If you are not a member, you can get a 50% discount code by registering before the 14th.
Thank you to everyone who joined us at our latest InsTech in London event at CodeNode last night. The event, sponsored by Mastercard and Stripe, looked at how insurers can benefit from new digital payment capabilities. All the photos will be available on the link below from 11am this morning.
Laurent de la Porte, Co-founder and CEO at Allphins, spoke to InsTech’s Henry Gale about the company’s new terrorism product and how it is helping clients calculate their exposure to terrorism risk.
The partnership will give Bupa members access to Open Insurance’s digital car, home and travel insurance products, with policies embedded in their myBupa app. Read our interview with Open’s CEO and Co-founder Jason Wilby on how embedded insurance can help insurers re-engage with customers.
The MGA will use Send’s Underwriting Workbench solution to streamline new business, renewals and endorsements from across its international offices. Send’s solution brings bordereaux management, pricing, policy admin, audit and compliance control into one platform. Hear more from Co-founder and CEO Ben Huckel on Podcast 187.
Analysis from JBA Risk Management says annual costs from flood events affecting UK residential properties now stand at £527 million. More insights from JBA’s UK flood model are available to download in a new whitepaper, which also looks at the impact of climate change on future UK flood risks.
The 9th Aventedge annual CAT Risk Management and Modelling Summit is being held in London next month. The event includes panel discussions and presentations on climate change, cyber, modelling challenges, careers and more. Use the code InsTech100 to get a £100 discount on your ticket.
Insurer Beesafe will use Tractable’s AI solution, which evaluates vehicle damage using photos, to provide faster repair estimates to its policyholders in Poland.
CyberCube has updated its Portfolio Manager platform to reflect evolving cyber risk trends, including cloud outages and threats from mass malware. CEO Pascal Millaire joined Matthew on Podcast 120 to discuss the increasing threats insurers are facing from cyber attacks.