Dr Tim Farewell: Science and Communications Director, Terrafirma, a Dye & Durham Solution: Cracks and collapse – the risks beneath your property (178)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 20 February 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thousands of UK property claims are made every year related to unseen perils below ground, with climate change already increasing the risks facing homeowners and insurers.Dr Tim Farewell is the Director of Science and Communications at Terrafirma, a Dye & Durham Solution, and one of the UK’s leading authorities on ground risks.He joins Matthew on Podcast 178 to discuss what is causing the problems, and how Terrafirma provides data to help insurers understand portfolio risks from subsidence, mines and voids, sinkholes, and coastal erosion.Talking points include: The science behind different ground risks The most common causes of subsidence and sinkholes How insurers are using Terrafirma data for assessing risks and claims The effect of climate change on ground risks - today and in the future Emerging technologies and tracking ground movement from space You can find out more about climate risk and the work Terrafirma is doing in the next InsTech London report.Climate Change Risk, Regulation and Measurement: 22 companies to know will be available to download from our website from 9am on Thursday 24 February.To keep up-to-date with the latest news and developments in the space, sign up to our new monthly Climate Risk newsletter. 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 our newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: Articulate the impact of climate change on increasing ground risks for property owners and insurers Understand the value of data in ground risk assessment Provide real-life examples of emerging technology mitigating these risks If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 178 page of the InsTech London 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 when you go out in the door and you realize that your garden has disappeared, that tends to lend itself to a newspaper article or so.
0:26.5	Good morning if you are one of our early birds or if you're just catching us later in the day.
0:27.5	Well, that's fine too.
0:32.3	Here in London, the trains, tubes and streets are busy once again during the middle of the week.
0:35.8	However, did we survive commuting before podcasts were invented?
0:37.1	Matthew Grant here.
0:38.9	And this week I am talking to one of the UK's leading authorities and definitely the most enthusiastic person I know on the topic of
0:44.2	ground risks, that's landslides, sinkholes, coastal erosion and subsidence. Dr Tim Farewell left
0:50.4	Cranfield University a couple of years ago to join TerraFerman, which is now part of
0:54.8	Dye and Durham. Now, we may not have major hurricanes, earthquakes or wildfires here in the
1:00.0	UK, at least not yet, but once you've heard what Tim has got to tell us about the state of the
1:04.0	ground beneath us, you may not look at the British countryside in quite the same way ever again.
1:09.2	For those of you not in the UK, by the way,
1:12.9	and wondering what subsidence is,
1:15.2	well, it's the gradual collapse or sinking of land often causing structural damage to a building,
1:18.1	not as dramatic as a sinkhole, but much more widespread.
1:21.5	Well, we are delighted to be working with TerraFerma
1:23.6	as one of our members of INSEC.
1:25.8	And if you're not a member
1:26.6	and wondering what you're missing
1:27.6	out on, then please do email us hello at instec. London or contact me Matthew Grant via
1:34.0	LinkedIn to find out. Now, over to Tim. Tim, or I should say Dr. Tim, farewell.
	...

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