Dag Lohmann & Brandon Katz: KatRisk: High speed, high resolution catastrophe modelling (300)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 28 April 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

KatRisk is a catastrophe modelling company providing global inland flood, storm surge and windstorm loss assessments for some of the largest insurers, reinsurers and brokers in the world. Taking a macrocosm approach, the company’s models offer an open software architecture, allowing users to better understand correlated risks and to make modifications to suit specific needs. Matthew Grant caught up with Dag Lohmann and Brandon Katz on the company’s development such as taking on strategic investment from TA Associates, and the challenges that come with modelling correlated risks such as tornadoes, tornadoes, straight-line winds and more. Key talking points: The journey to strategic investment Innovating catastrophe modelling with advanced technology Client collaboration and transparency: a core ethos Leveraging high-resolution models for underwriting and risk assessment The future of catastrophe modelling and climate reporting Looking ahead: expansion and new developments If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Define how correlation has changed the methods catastrophe modelling is conducted Identify the different types of government bodies that work alongside catastrophe modellers and why Summarise why catastrophe modelling tornados is difficult and why granularity of data can help If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 300 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	So we have on the West Coast earthquakes, on the East Coast, tropical cyclones.
0:05.3	And in the center we have going up and down to Canada.
0:09.0	We have severe convective storm.
0:11.3	We have straightline winds more in the north.
0:13.9	So everybody gets their fair share.
0:25.1	Good morning. good evening.
0:30.2	Matthew Grant here and outside the comfort of our podcast studio, we are back in conference and events season now in London and in New York.
0:33.3	And it's been great to meet so many more of you face to face.
0:35.9	So if you're out and about and you do come across myself or any of the internet team,
0:39.5	do please come and say hello.
0:41.0	We'd love to see the faces behind the listeners.
0:43.2	You might even get a chance to get you on stage or even on the podcast.
0:46.5	Well, we're going back into my previous career today,
0:48.9	and I'm talking to Dagloman and Brandon Katz from Katrisk about their catastrophe models for flood,
0:56.1	tornado hail and more.
1:00.1	Now, Cat Risk has been quietly but rather successfully growing over the last 10 years,
1:04.1	and it recently took in significant investment from TA Associates.
1:06.8	Look, we're going to get a bit technical in some places, but hang in there,
1:15.1	because I usually check back with Dag and Brandon to make sure at least I'm understanding what they're saying and so hopefully you can too. And yes, we're going to come back and explain those acronyms too. Well, finally, if you're in the US or you're traveling to New York, we are
1:19.5	running our next event out there back with Google on the 4th of June and we'd love to see you
1:24.8	information on the website, www.instech.com about that, everything else we're doing in London.
1:30.9	And, of course, we'd love to also talk to you about membership, too, if you're intrigued about that.
	...

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