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 – E470: I Think Therefore I Insure – Brian Thompson, Business Development (Parametric) Underwriter for Descartes Insurance

“cogito, ergo sum” – Rene Descartes Parametric insurance products are not new. They have been around for decades (and in some forms probably centuries). Insurance professionals have struggled to adopt to parametric solutions for our clients because they do not neatly fit into the indemnity paradigm we insurance professionals were trained into. Our entire training … Read more

Profiles in Risk – E471: Incentivizing Clean Fossil Fuel Production Using Insurance – A Conversation with Project Canary

We insurance professional often boast about how society would stop if it weren’t for (us 😉) insurance. Well, we have seen this play out recently and in real time, when insurance companies began united to stop the backing of projects related to fossil fuels. This of course, was unrealistic for both society and insurers (who … Read more

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