Kumar Dhuvur: Co-founder & Head of Product, Zesty.ai: Making climate risk insurable (190)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 22 May 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zesty.ai uses aerial imagery and artificial intelligence to assess the potential impacts of wildfires and other climate-related events on individual properties. Kumar Dhuvur, Co-founder and Head of Product, joined Matthew to discuss how the company helps insurers to understand climate risks and how personal experiences of wildfires in California led to the creation of Zesty.ai’s wildfire risk insights. Talking points include: The data sources being used to build risk models The benefits of assessing risk on the property level Using visual tools to help underwriters investigate property risks How Zesty.ai keeps up to date with structural changes to properties Making claims processing less wasteful You can get more information on the InsTech member profile page for Zesty.ai. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. More information on our next event, Making Payments Pay: Making the Most of Payments Technologies, is available from our Events section. 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: Describe how data and models are being implemented within the insurance industry to help mitigate climate risks List some of the visual tools available for underwriters to assess property risk, explaining their benefits Summarise the ways in which insurers can allocate resources more efficiently when processing claims 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 190 page of the InsTech website or email cpd@instech.london 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	Unfortunately, my co-founder had the experience of having to evacuate his family because of one of the fires that hit his area.
0:20.8	Good morning, good afternoon. Welcome back or if you have only discovered us. Well, we are delighted
0:25.8	to have you along and thank you for inviting us to join you, whatever you are doing this now.
0:30.2	Now, I have something of a love-hate relationship with LinkedIn. On the one hand, LinkedIn has been
0:34.8	very good to us at instech at helping us distribute our content
0:38.2	and finding out what is going on in the world.
0:41.0	But I do slightly resent being at the mercy of the mystery LinkedIn algorithm for getting
0:45.6	the message out.
0:46.6	However, you may have seen this, my recent post bemoaning the lack of any helpful small business
0:51.6	insurance available online and my request for recommendations
0:54.6	for help renewing our instec. Insurance led to a lively discussion on the post about the state
0:59.3	of broking for small businesses here in the UK. Thanks to everyone who joined that debate to
1:04.3	recommend a decent broker or for those of you who even recommended themselves. Now it's so much
1:09.0	advice that we have a new problem for figuring out
1:10.9	who to follow up with. Well, we're artificial intelligence full short. It's good to see that
1:14.9	social intelligence still helps plug the gaps. But enough about us. Today's guest is Kourin Duvar,
1:20.6	co-founder of climate modeling company Zesty. We've been delighted to have Zesty as a member this
1:25.7	year and with so much going on in location intelligence, climate loss and climate change measurement.
1:30.6	We had a lot to talk about, including another personal founder's story about the impact of a disaster.
1:37.8	So let's learn about wildfires and other areas of climate-related risk.
1:49.8	Kumar, delighted to have you today.
1:53.8	We seem to be on a theme of having people coming in from California.
	...

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