It’s Only Natural – How Better Emissions Data = Better Energy Underwriting

The (re)insurance industry has a long history of working on society’s hardest problems because today’s top-of-mind issues are yesterday’s risk management questions. This early involvement allows (re)insurers to go beyond simply doing their part and diversifying risk – they can lead the way to new solutions and innovations by incentivizing businesses and entire industries to … Read more

Profiles in Risk – E475: The Evolution of Property Data Continues – Vivek Sablani, CEO of Wizard Analytics

In late 1992, in the aftermath of Hurricane Andrew a sinking realization entered into the property insurance market…we didn’t know where our exposures were!…nor had any clue about what we knew about those exposures…even if we had known where they were located!!! (No story quite captures this realization than Michael Lewis’ In Nature’s Casino New … 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: E453 – Eliminating Manual Spreadsheet Reporting For MGA and Delegated Authority Business; Dave Connors, Co-Founder and CEO at DistriBind

Many if not most MGAs function under a delegated authority model, where they are authorized for binding and other carrier responsibilities. This can be a marvelous use of a carriers precious insurance capacity because they can outsource underwriting and portfolio responsibilities to an MGA instead of building it internally. It works especially well when the … Read more

Profiles in Risk: E451 – Managing Extreme Climate Risk With Better (Business) Models; Andrew Engler, CEO, Co-Founder of Kettle

There is no shortage of research and companies looking at extreme climate events to create new and better models that will make insurers better. A team of scientists get together looking to take their wisdom and insights, wrap it in software and go to London, Bermuda and elsewhere to sell that software to companies in … Read more