Tropical Cyclone - Managing Tomorrow’s Climate Risk Today with Reask and Fathom (220)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 11 December 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode we cover the highlights of our recent live event in London “Tropical Cyclone - Managing Tomorrow's Climate Risk Today with Reask and Fathom”. We heard about how insurers and portfolio managers are taking account of the increased need to understand the combined risk of floods and hurricanes. We were joined by some of the companies providing climate analytics and data including: 1:38 Jamie Rodney, CEO, Reask; Andrew Smith, Co-founder and Chief Operating Officer, Fathom; David Vicary, Research and Development Manager, Brit Insurance 15:01 Robert Porter, Product Director, VAVE; Oliver Wing, Chief Research Officer, Fathom; Sue Barenbrug, Independent Consultant 27.46 Paul Wilson, Partner, Securis Investment Partners; Thomas Loridan, Co-founder and Chief Science Officer, Reask 43.41 Dickie Whitaker, Founder and CEO, Oasis Loss Modelling Framework Talking points include: What a globally correlated cyclone model looks like The valuation of properties and how open data is impacting this Applying science at the point of sale Aggregating and pricing flood risk How a puppy called Jasper demonstrates climate versus natural variability 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. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co 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 reasons why establishing an understanding of the combined risks of floods and hurricanes is essential in current economic times Describe some of the issues relating to tropical cyclone statistics, including the effects of global warming Identify the different ways of sourcing data to effectively evaluate and price flood risk 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 220 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

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0:00.0	Good morning, good evening.
0:10.4	Matthew Grant here.
0:11.2	If you've just found us, well, please do stick around.
0:13.3	We're delighted to have you.
0:14.2	And if you'd like this, a lot more choice from our past episodes.
0:18.0	Well, exciting news for us at SDECQ this week as Jack has finally figured out
0:22.4	how to get into the statistics behind the podcast, and we are delighted to see that the majority
0:27.0	views that start listening make it all the way to the end. Well, this week we've got highlights
0:31.6	from our recent evening event talking about the tools that are now available to insurers
0:35.7	to get a better understanding of how
0:37.7	climate change is impacting floods and cyclones or hurricanes and how insurers are using
0:42.7	these tools. Now, this was recorded on the 1st of November in Code Note in London with an audience
0:47.7	of about 150 people and we are very grateful to re-ask for supporting the event. In addition to
0:53.3	re-ask, you'll be hearing from
0:54.4	Flubb modelers fathom, investment fund, Securius, Oasis, Lost Modeling, Brit and more. Now, it's a bit longer
1:00.1	than our usual episode and we're going to add the sectioners, speaker names and times to the
1:04.0	episode notes to help you so you can jump ahead if you want to. And we've had another 10 companies join us in the last few weeks as members from insurance,
1:11.6	broken and technology companies. Now, if you haven't discovered what we're up to at
1:15.4	Instech, then you can find everything we're doing at www.insdeck.com. And with so much going on,
1:22.1	we are building out our account management team. So if you are interested in joining us
1:25.6	or know someone that might be, then please do contact me, Matthew Grant, on LinkedIn or any of us, hello at instec.com.
1:38.1	Jamie, Andy, delighted to have you on stage. What is it about the combination of different perils
	...

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