InsTech

📣 Calling all insurance and catastrophe modelling teams! 📣 Our early bird offer (by 2 get the 3rd free!!) ends this Friday! 👉👉👉https://lnkd.in/eUq2cmC8 Exponential Risk London is a new, two-day conference hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community.⛰️ 🎊 We know how important it is to be able to bring your teams and to share or exchange knowledge in this industry. When 3 people sign up, one person goes free. 💸💸💸 📅 The offer expires on 29th November. Don’t wait. Grab three members of your team and get a ticket free! 🫂 👉https://lnkd.in/eUq2cmC8 Sam Jones Susi Ozkurt Matthew Grant David Vicary Neil Laughton Rachel Turk Steve Hill Dana Foley Jessica Turner Laura Freeman Ioana M. Dima-West Ian Simons Nalan Senol Cabi Kirsten Mitchell-Wallace Paul Wilson Dr. Nigel Winspear Richard Dixon Iwan Stalder Neena Saith Ruth P. Juan Duan Steve Jewson, PhD Paul Della-Marta Aon CoreLogic e2Value, Inc. Fathom Moody's - Insurance Solutions Scrub AI Verisk Addresscloud AdvantageGo X, the moonshot factory Guidewire Software Insurity JBA Risk Management Kroll Nasdaq Reask ICEYE

Before you break for Thanksgiving, sign up to the InsTech webinar on insurance cover for severe convective storms https://lnkd.in/ewuJEW5X . It’s free and you’ll hear insightful perspectives on how to obtain reinsurance for accumulated storm losses from Branch Insurance MD Pete Vloedman, Harford Mutual Insurance Group Board member and reinsurance luminary, John DeMartini, and The Demex Group’s Chief Risk Officer, Matt Coleman

This week, we’re excited to shine a spotlight on the innovators and industry leaders making waves in catastrophe modelling, climate risk and insurance technology. From Guidewire Software’s enhanced partnership with Shift Technology to Federato’s impressive $40 million Series C funding, the InsTech community is buzzing with exciting updates. We're also thrilled to announce our collaboration with the London Catastrophe Modelling Awards for 2025, celebrating the trailblazers in #catastrophe #modelling, #climate, #property and #exposure #management. Mark your calendars for 4th March 2025, when the winners will be revealed at the #ExponentialRisk Conference in London. Nominations are open until 15 January 2025 – it’s your chance to recognise the heroes of our industry! 🏆 And the news doesn't stop there! Previsico ranks 14th in Deloitte’s UK Technology Fast 50, KPMG highlights the need for insurers to integrate climate risk into their strategies to meet evolving regulations. Chubb partners with Atome to offer cutting-edge insurance solutions in Southeast Asia, and S&P Global Market Intelligence tackles the ongoing transformation of the insurance industry in light of climate change and extreme weather. We're also excited about Aon’s launch of the Cyber Risk Analyzer, helping clients assess and manage cyber risks, and Root’s new Developer Community program, which is empowering developers in the insurance space. Fadata continues its global expansion with new offices in Asia and Latin America, while Send is gathering input for an upcoming report on the barriers and priorities insurers face in 2025. Stay tuned for more updates and be part of the next big change in insurance technology. 🌍💡 #InsTech #Innovation #CatastropheModelling #ClimateRisk #InsuranceTech #Awards #RiskManagement #CyberRisk #Sustainability

#Floodmodels aren’t just numbers and maps—they're pivotal in shaping #underwriting decisions. In a recent podcast, Tom Philp shared some eye-opening perspectives on evaluating and implementing flood models, and it’s a must-hear for anyone in the insurance and risk modelling space. Here are the key takeaways: ✔️ Tailored evaluations matter: Are you looking at the model for #aggregation or #underwriting? Your approach changes everything. ✔️ Footprint integrity: From #fluvial to #pluvial to #coastal risk—understanding if these footprints align with reality is critical. ✔️ Transparency is key: Flood modelling is complex and vendors who can clearly communicate uncertainties and methodologies are game-changers. The bottom line? It’s not just about what the model says—it’s about how it says it and who it’s speaking to. As Tom highlighted, collaboration and clarity can turn complexity into #actionable insights. Have you grappled with flood model evaluations? Let’s discuss—drop your thoughts below! 👇 #FloodModelling #InsuranceInnovation #RiskManagement Sam Jones Susi Ozkurt Matthew Grant Robin Merttens Alex Smithard Charlotte Salisbury Holly Elizabeth Caroline Fox Stefan Wunderlich Oliver Wing Fathom

When it comes to flood models, there's more than meets the eye—and it’s not just about the maps and event sets! 🌐 Caroline Fox at Guy Carpenter shared some fascinating insights on our podcast about why vendor #models can diverge so significantly. Spoiler: It’s often in the #methodologies. For example, how do you determine flood depth at a specific location? 📍 - Is it as simple as picking the value from the flood footprint at that coordinate? - Or should we consider a broader area, reflecting the building footprint or hazard spread better? And then, even within that area: 🔢 Do you summarise hazard using the mean or the median? It seems minor, but it’s not. In an area where most of the region isn’t flooded, the median might show zero hazard, while the mean tells a very different story. These “small” decisions can lead to big differences in results. 🚨 So, next time you’re evaluating flood models, remember: it’s not just the big pieces that matter—it’s the fine print in the methodologies. 🧐 What are your thoughts on these nuances? Let's discuss! 👇 #FloodModelling #DataScience #RiskAssessment Sam Jones Susi Ozkurt Charlotte Salisbury Matthew Grant Robin Merttens Benjamin Gopal Alex Smithard Holly Elizabeth Tom Philp Stefan Wunderlich Oliver Wing

In a recent podcast, Oliver Wing at Fathom delivered an eye-opening take on #uncertainty in modelling—particularly in high-resolution perils like #flood #modelling. 💡 Here are some key takeaways: 🌊 Flood modelling challenges - urban contexts present a unique set of uncertainties all of which can throw a wrench in precision. It’s neither mathematically nor computationally feasible to capture every variable. 📉 Model spread ≠ True uncertainty - Models aren’t perfect machines spitting out absolute truths. They’re #calibrated. 🔍 The bigger picture - “Don’t conflate model spread with true uncertainty.” The outputs aren’t just an assembly of validated components. They require careful, human-driven interpretation. 👉 The takeaway... Models are powerful tools, but they’re not the final word. As Oliver puts it, there’s a layer of #subjectivity that calls for caution and context when leveraging their results. What do you think? Are we doing enough to understand and communicate the uncertainty in our models? Let’s discuss! ⬇️ #Modelling #Uncertainty #FloodModelling #DataScience #UrbanPlanning #RiskManagement #Podcasts Sam Jones Matthew Grant Holly Elizabeth Susi Ozkurt Robin Merttens Charlotte Salisbury Alex Smithard Benjamin Gopal Caroline Fox Stefan Wunderlich Tom Philp

💪Is #Parametric an underappreciated option in insurance? What do you think - ✏️ comment below ⬇️⬇️⬇️ Robin recently caught up with Munich Re’s Marcel-Steffen Reif and René Mück to ask whether parametric is starting to get the attention it deserves? You all know that at InsTech we are great fans of this insurance option, but what does the #market think? 🧠 René Mück talks about the power of #education. As more and more parametric teams spring up and become standard units in insurance companies, Rene emphasises their common challenge -  having to educate the client and making clear what they are buying. Overcoming concerns, near-misses and entrenching the parameters of the policy will ensure parametric continues to grow and do so successfully. As always, the InsTech podcast comes out every Sunday morning. Look out for another exciting episode coming out soon. 

We are delighted to announce Scrub AI is a 🥇Gold Sponsor🥇at InsTech’s Exponential Risk London 25. Exponential Risk is a new, two-day event hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community. Accurate data is at the heart of solving these needs, and this event is a great space to share ideas and explore better ways of working together. 🎟️ To make it even easier for your teams to join, InsTech is offering buy 2, get a 3rd for free on delegate passes if you register by 29th November. Here’s a quick look at what’s in store: 1️⃣ A focus on education and learning - what do people who are using models or model results need to understand about the way models are built and how this impacts how you use them? 2️⃣ What is the effect of short term and longer term climate changes on catastrophic risk and how do you manage this in your role? 3️⃣ Collaboration and connections have been an important reason for the success of the underwriting, modelling and aggregation community. This event is a chance to meet 350 like-minded people and learn from and with them. 🔗 Curious to find out more? Click the link in the comments for the programme and full speaker line up. Don’t miss the chance to grab the buy 2, get 1 free ticket deal, offer expires 29th November! #Instech #risk #catastrophemodelling #climatemodelling #

Did you miss our webinar? PriceHubble's Mark Cunningham and Julia Middleton joined Matthew Grant from InsTech for a fascinating and insightful discussion on the continued impact of cladding on the UK property market. Watch the webinar and download our insights to find out more about: - The scale of the cladding challenge in the UK - The role of PriceHubble data in identifying at-risk buildings - How specific property markets in London and Manchester have fared pre and post-Grenfell - The long-term impacts for people living in affected buildings on property values, lending and barriers to being able to move. 📅 Watch our webinar: https://lnkd.in/gKYJxUqr PriceHubble offers a comprehensive, independent assessment of UK buildings at risk due to cladding, as part of a comprehensive range of property data solutions. To find out more, contact mark.cunningham@pricehubble.com. #pricehubble #instech #propertymarketinsight #whenfresh #claddingdata #insurancedata #propertydatasolutions