Judith Ellison: Climate Commercial Lead, JBA Risk Management: Assessing future flood risk globally (206)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 4 September 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

JBA Risk Management provides catastrophe models, flood maps and analytics worldwide to the insurance, financial, property and international development sectors. Judith Ellison, the Climate Commercial Lead at JBA Risk, talks to Matthew about the challenges of meeting multiple demands from different clients and sectors, the importance of working with academics and industry specialists and how standardisation across the industry will increase resilience. Talking points include: How JBA Risk can provide future flood risk data across the globe Understanding uncertainty in the context of different scenarios and timelines How regulation drives innovation and the impact that new reporting requirements will have on the insurance industry How Flood Re supports insurers and what drives the insurance industry to continue providing premiums and insights on flood risk The benefits of having a partner strategy and which companies JBA Risk is working with 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 - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech 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: List some of the relevant metrics and resources used by insurers when assessing flood risk Summarise what the new reporting requirements are and how insurers will be impacted by these changes Describe the current insurance practices that would benefit most from standardisation 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 206 page of the InsTech website or email cpd@instech.co 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

Click on a timestamp to play from that location

0:00.0	Hello, welcome Matthew Grant here, and after such a hot summer, at least in Europe,
0:15.7	we're probably going to be hearing more about floods next as winter approaches.
0:20.0	Investors and regulators are demanding more
0:22.4	information from insurers about their exposure to flood and the future impacts of climate change,
0:28.4	both through underwriting traditional cover for property and the transition to underwriting of new
0:32.5	low-carbon emitting assets. This adds a whole new set of challenges to modelling flood,
0:37.7	which is difficult even without considering future uncertainties and requires high-resolution data.
0:43.1	This week, Judith Ellison joins me to talk about what JBA is doing to help its clients
0:47.4	manage and report on its future risk scenarios and the range of companies that JBA is working with.
0:53.7	Now, we've two reports on the subject of measuring climate risk and on location intelligence
0:58.2	and hazard on our website, www.in.com.
1:02.0	If you're interested in learning more about how managing flood risk globally and other hazards
1:06.6	can be done, then take a look at the reports or for information on how we are helping
1:10.8	insurers or technology companies, you can contact me and the rest of our team.
1:14.8	Hello at INSdeck.com.
1:23.8	Judith, really looking forward to talking to you today.
1:27.0	Our career paths have crossed and aligned
1:29.9	and recrossed over the last, I'm not going to say how long, but for quite a number of years.
1:34.6	You're now at JBA, one of the world's major flood modeling companies, and I know that,
1:40.2	founded back in 2011, and you've now got coverage and clients around the world now we last
1:44.4	spoke to jBA back in april 2021 with a couple of your colleagues episode 136 and uh it's your
1:51.1	challenge is to see if we can get more listeners today and judith welcome i'm looking forward to hearing
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.