Marine Utgé-Royo: Chief Strategy Officer, Tesselo: Geospatial intelligence for forestry risk (143)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 20 June 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesselo is one of the companies looking to help its clients manage the impact of climate change, using satellite data and remote sensing to monitor tree and crop health and support forest owners and farmers in mitigating risks.The company, based in Lisbon, is now exploring insurance applications for its data and analytics and was recently selected to join Cohort 6 of the Lloyd’s Lab.Matthew talks to Chief Strategy Officer and co-founder Marine Utgé-Royo on Podcast 143 to discuss how Tesselo’s technology is tracking changes in forests and how it can help with compliance to environmental regulation.Talking points include: Measuring forest health and carbon sequestration bonds Building High Definition vegetation models and risk maps from satellite data Closing the insurance protection gap What Tesselo's clients think about insurance Parametric solutions for fire and flood risk The advantages and opportunities provided by the Lloyd’s Lab More information on the companies and technology helping insurers to identify and manage climate change risks is available in our Location Intelligence 2021 report, which is free to InsTech London members. 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 London 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: Comprehend some of the different types of data associated with the environment and how they're sourced Realise the actionable insights that can come from environmental data Understand how data can help manage climate change and its value in CSR (Corporate Social Responsibility) and ESG To continue learning about the intersection of insurance and climate change, read our insight Regulation – the next innovation super-charger for climate change risk assessment? 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 143 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	Well, if you've been following the news recently, I'm sure you'll be aware that the role
0:15.4	that insurance is going to play in managing the impact of climate risk is going to increase
0:19.8	rapidly driven by regulation
0:21.9	and reporting requirements around the world. Here in the UK, the Bank of England last week
0:26.6	released its stress tests for three different future scenarios related to increase in temperatures
0:31.2	of 1.8 degrees Celsius to 3.3 degrees Celsius by 2050. And then this week, the leaders at the G7 summit issued a statement committing the participating
0:41.0	countries to move towards mandatory climate-related financial disclosures that provide
0:45.9	consistent and decision useful information for market participants.
0:51.2	Now, we've seen the emergence of many new companies joining the established providers of
0:55.4	data and analytics for underwriting purposes and covered many of them in our location
1:00.1	intelligence report. This increasing focus on the measurement and hence the need for tools and data
1:05.9	related to climate change and business risk looking into the future is opening up a significant new
1:12.1	area of opportunity for both established and new companies. So this week I am talking to
1:18.3	Marine Utke Royo, one of the co-founders of Tesla. Tesla is already helping forestry owners,
1:24.6	utilities and investment funds understand and manages changes in the nature
1:29.1	and size of forests and trees.
1:31.8	Now, recently a member of the current cohort in the Lloyd's Lab, Marion and her colleagues
1:36.1	have been exploring the potential insurance applications for their analytics.
1:40.9	Well, if you're interested in what the future will look like related to the issues of climate
1:44.3	risk management, carbon sequestration, trading, or just what it means to be in the Lloyd's
1:48.8	lab and explore a new business line in insurance. This one's for you. I'm Matthew Grant, partner
1:54.0	at INSTECH London. Hang in to the end or find out what we're up to at our web page www.insdeck.
	...

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