4.8 • 50 Ratings
🗓️ 28 February 2021
⏱️ 37 minutes
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0:00.0 | Well, it's always a big risk-making predictions, but one thing is for sure, climate change is going to get even more attention this year by insurers. |
0:22.6 | Matthew Grant here, partner at Insteck London, and your guide through our weekly podcasting journey as we meet the people driving |
0:27.0 | change through innovation from around the world. Now, I've been involved in modelling catastrophes for |
0:32.2 | almost 30 years and for many years people have tried to forecast hurricane activity for the year ahead, |
0:37.3 | but the results have been mostly inconclusive. |
0:40.7 | Until now, insurers have struggled to see strong evidence enough to change her assessment of risk |
0:44.6 | and health pricing from year to year. |
0:47.7 | Well, that is starting to change. |
0:49.5 | Reask is one of a number of companies looking for ways to help insurers and others |
0:53.6 | understand the way |
0:54.7 | in which climate change is driving a greater frequency and intensity in natural disasters, |
0:59.8 | which usually translates into great losses from, for example, hurricanes, which are also, |
1:03.7 | by the way, referred to as cyclones and typhoons, depending on where you are in the world. |
1:09.4 | The two founders of Riyask, Nick Hassam and Thomas Luridian, |
1:12.6 | are currently based in Australia, but they have built models for the entire world and in a |
1:17.7 | relatively short time built up a client base of leading insurers and investors. Now this is a really |
1:23.1 | important area. We're going to see more companies like Riesk emerging and more from them too, |
1:27.3 | of course. |
1:28.1 | And in our discussion that follows, I've tried to keep it at a level that anyone can understand. |
1:31.7 | And if we do get a bit too technical, then stand by. A short explanation is not far behind. |
1:37.4 | And if this is your first episode, delighted to have you joining us. And to our regulars, |
1:41.7 | thank you again. And whoever you are and wherever you are, |
... |
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