Profiles in Risk – E470: Generative AI to the Underwriters’ Rescue; Alex Schmelkin (CEO) & Jane Tran (COO) of SixFold

We have heard about AI for years (decades?). But it wasn’t until ChatGPT lurched onto the world stage earlier this year that AI was on everyone’s mind. Text based AI tools are becoming common technological staples right up there with search. The new word that can out of the ChatGPT launch was the word “generative”. … Read more

Profiles in Risk: E466 – Insurtech Advances in Ocean Marine, Freight & Cargo Insurance – Taylor Walker, CIO of LoadSure

Tony chats with Taylor Walker, Chief Insurance Officer at LoadSure, they are making waves for insurance brokers in the market. Data-powered AI-pricing for freight insurance. In the past, a piece of complex business in the ocean cargo market would take a couple of days (or more than a week), with LoadSure it can be immediate … Read more

Profiles in Risk: E464 – 𝐓𝐡𝐞 𝐀𝐫𝐭 𝐎𝐟 𝐓𝐡𝐞 𝐔𝐧𝐝𝐞𝐫𝐰𝐫𝐢𝐭𝐢𝐧𝐠 𝐖𝐨𝐫𝐤𝐛𝐞𝐧𝐜𝐡 𝐉𝐞𝐟𝐟 𝐓𝐲𝐥𝐞𝐫 & 𝐒𝐮𝐦𝐚𝐧 𝐏𝐚𝐥𝐢𝐭 𝐨𝐟 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐢𝐞𝐝

Creating efficiencies for underwriters is complex. No two underwriting offices function in the same way and no two underwriters process information in the same way. Building technology to create these productive efficiencies is not a technological challenge, but a design challenge. This is because there are just so many edge cases that if you simply … Read more

Profiles in Risk – E460: Creating Ultra-HighRes Vegetation Mapping For Better Wildfire Defense; Gus Calderon, Co-Founder of FireWatch

Vegetative fuel models are a vital component for wildfire stakeholders in understanding the frequency and severity of wildfire events. It is the fuel models which allow us to simulate events and study how a wildfire will behave under certain circumstances. Wildfire spread is highly correlated with the density of vegetation and the combustibility of that … Read more

Profiles in Risk: E458 – Going From Unstructured to Structured (and useful) Loss Runs; Scott Knowles, CEO & Co-Founder at Loss Scan

Loss Runs have forever been and continue to be a mess. Underwriting requires them… Agents and brokers order them… They arrive at the underwriters, who look at them… And they are completely unstructured pdfs that have no standard date sets, no standard terminology. Every company is generating them in their own way and its up … Read more