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InsTech - insurance & innovation with Matthew Grant

David Wood, JBA Risk Management & Jochen Papenbrock, NVIDIA: Showing the world how to revolutionise modelling (357)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.850 Ratings

🗓️ 1 June 2025

⏱️ 36 minutes

🧾️ Download transcript

Summary

How can AI weather models improve the accuracy and scale of catastrophe modelling? Matthew Grant is joined by David Wood, Managing Director at JBA Risk Management, and Jochen Papenbrock, Head of Financial Technology (EMEA) at NVIDIA, to explore how accelerated computing is unlocking new ways to simulate and manage flood risk. JBA has long been a pioneer in flood modelling, while NVIDIA’s GPU technology has helped drive the recent breakthroughs in AI and generative modelling. Together, they discuss how high-resolution simulations, new ensemble methods and open-source tools are pushing the limits of what’s possible in climate and catastrophe analytics. Key Talking Points: The early bet – how JBA’s adoption of GPU computing over a decade ago made national-scale flood mapping possible From gaming to GenAI – how NVIDIA's evolution from graphics to AI led to the development of physics-informed weather models Ensemble power – why running 1,000+ simulations helps capture more extremes than the historic record ever could Event sets reimagined – how AI models are enabling richer, more diverse flood scenarios for Europe and beyond Real-time relevance – the potential to use AI models to simulate how a flood might unfold, as it’s happening Making AI usable – how Earth-2 Studio and open-source frameworks are opening up generative models to catastrophe modellers Proving value – how NVIDIA and JBA worked together to quantify the benefits of faster, more flexible modelling approaches Looking ahead – why cross-sector collaboration will be essential to turn acceleration into real-world impact If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.  Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. 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: Explain the role of ensemble modelling in capturing rare or unseen flood events. Define the concept of physics-informed AI and its relevance to catastrophe modelling. Identify opportunities for applying generative weather models to real-time exposure and risk management. 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 357 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

Hello, welcome or welcome back to the InSEC podcast.

0:13.3

Zoya here and this week we're joined by JBA Risk Management and Navidia.

0:19.1

Two organisations working together to revolutionise catastrophe

0:22.7

modelling with high performance computing and AI. Joining Matthew in the studio this time are David

0:29.4

Wood, managing director at JBA and Joccan Papenbrook, Head of Financial Technology at

0:35.7

Navidia. Together they explore how GPU-powered flood simulation

0:40.3

and physics-informed AI are enabling faster, more accurate and more scalable flood models,

0:46.8

both in the UK and around the world. If you're curious about how AI accelerated catastrophe

0:52.8

modelling is reshaping how insurers understand and manage flood risk,

0:57.0

this episode is for you. Now, let's dive into the conversation.

1:04.5

Yock and Dave, it's great not just to see you, but to see you in person.

1:12.4

We're back in the studio for a face-to-face interview,

1:15.2

managed to get both of you in London at the same time.

1:18.3

Brilliant to see you.

1:19.1

Yolkin, welcome to welcome back to London.

1:21.5

Thank you.

1:22.3

Thanks for having me.

1:23.6

And Dave, coming down from Yorkshire.

1:26.0

That's right.

1:26.7

Yeah, coming down for the Oasis Insights Conference, we're going to head down there afterwards.

1:31.9

So a good opportunity to come into the studio.

1:35.7

Great conference, lots of interesting people there.

...

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