Arbol's Sid Jha: "Insurance in the era of climate calamities"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 12 April 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Sid Jha of Arbol to talk about the importance of insurance (3:45), using data to change how it works (8:20), how climate has scrambled the industry (10:30), regulation (14:20), creating a new asset class (16:40), weather (24:10), growing up in India (29:20), going to Wall Street (30:40), launching Arbol (33:00), the space revolution (35:40), using blockchain (37:30), and why life is more expensive in an era of climate change (42:45)

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Transcript

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0:00.0	Yeah, technology.
0:02.9	What is it all about?
0:04.5	I think the worry with this tends to be the feedback groups.
0:08.2	We don't know which feedback group might trigger something that makes it very challenging for humans to live in certain areas.
0:17.5	That's the much worse part.
0:19.6	And we are initiating a lot of feedback groups that we don't
0:23.4	understand.
0:37.1	Hello and welcome to another edition of Danny in the Valley.
0:41.5	This week, you all are in for a treat because we are talking about everyone's favorite subject.
0:49.2	That's right.
0:51.2	Insurance.
0:52.6	Just kidding.
0:53.4	I kid. I kid. Seriously, though, insurance. Big industry. Just kidding. I kid, I kid.
0:55.1	Seriously, though, insurance, big industry, super important, makes the whole world go around.
1:01.0	And it's in trouble, big trouble.
1:02.9	Because climate change has made a mess of all kinds of its risk models, which has ruined the finances of whole sways of the industry,
1:11.4	forcing them to take drastic action,
1:13.1	whether it's pulling out of markets entirely jacking up rates
1:16.8	or generally making life miserable for anyone who needs insurance,
1:19.5	which in the case of, you know,
1:21.9	most of the advanced world is roughly everybody.
1:24.7	Anyhow, this week's guest is right at the forefront of those changes that are
	...

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