This week, seasonal earthquakes with Súper, climate change with HDI Global and insurance trends from CGI. Also, a look at the latest events from Lloyd’s Lab.
Seasonal earthquakes and personal parametric protection - Podcast 211
Matthew Grant and Henry Gale are joined by Dario Luna, Executive Chairman and Co-founder of Súper, to discuss parametric insurance, digital distribution and insurance trends in Latin America.
InsTech in London: Tropical Cyclone - Managing Tomorrow's Climate Risk Today, 1 November, 4.30 pm at CodeNode
We will be supported by Reask and Fathom along with our guest speakers to review the key drivers of climate change in cyclones and floods. We will hear how insurers are taking account of this for underwriting and portfolio management and we will be joined by some of the companies providing climate analytics and data.
HDI Global: enabling climate resilience
Headquartered in Germany, HDI Global provides insurance to a range of corporate customers. InsTech’s Ali Smedley caught up with Claire McDonald, Executive Board Member and Chief Underwriting Officer. The discussion covered how the company is thinking about managing climate change, how it is supporting clients and how it works with technology companies within IoT, cyber and more.
CGI: tackling insurance technology challenges
Ali Smedley also caught up with CGI’s Daren Rudd and Tim Scott-Simmons to discuss the company’s work within insurance, the trends that are likely to disrupt the industry and the technology challenges that need to be addressed.
European Insurance Technology Awards
The Insurance Post is hosting its first European Insurance Technology Awards on 22 November with entries closing on 21 October. The ceremony will recognise the leading technologies and third-party vendors operating within the insurance industry across Europe. The awards are free to enter and entrants can apply to as many categories as they wish.
Lloyd’s Lab Alumni Showcase Series – Parsyl
Lloyd’s Lab is hosting the first in the alumni series event with their Cohort 1 graduate Parsyl. Go along to hear more about its success story and the journey so far.
Quod Orbis and Liberty Speciality Markets collaborate to research the Future of Cyber Insurance
“The future of cyber insurance: navigating risk with real-time data'' explores the state of the global cyber insurance market following the 2022 2022 Cybersecurity bench marking study. Its material cyber breaches rose 20% from 2020 to 2021 and security executives expect further increases in attacks over the next two years, as nation-states and cybercriminals become more prolific.
Cytora and Wenalyze partner to digitise and streamline core risk workflows
Insurers will have the capability to embed Wenalyze data and analytics insights within Cytora’s risk digitisation platform, thus enabling improved data utilisation, insights and faster decision-making.
RMS Estimates up to $74 Billion in Insured Losses from Hurricane Ian
RMS estimates total private market insured losses from Hurricane Ian to be between US$53 billion and US$74 billion, with the best estimate of US$67 billion. RMS also estimates the National Flood Insurance Program (NFIP) could see an additional US$10 billion in losses from storm surges and inland flooding as a result of the event.
Entries open for the Insurance Post Insurance Technology Awards
Register by 21 October for the Insurance Post magazines European Insurance Technology Awards. Winners to be announced on 22nd November. If you are offering leading technologies and operating within the insurance industry across Europe this is your chance to win an award. Free to enter and entrants can apply to as many categories as they wish.
InsurTech Hartford Innovation Challenge
This annual Innovation Challenge is being held in collaboration with ACORD. There are 3 categories all with prizes of $10,000 - Most Novel and Underwriting Data Capture Solution, Cyber Risk Prevention & Mitigation Tech, and Best Emerging Insurtech. Applications close on Friday.