Addresscloud’s Post

We're delighted to announce that Addresscloud is a Silver Sponsor at InsTech’s Exponential Risk London 25 - bringing together the users of catastrophe, climate and exposure analytics from around the world. 🌍 Exponential Risk is a new, two-day conference hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community. Here’s a quick look at what’s in store: 1) 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? 2) What is the effect of short term and longer term climate changes on catastrophic risk and how do you manage this in your role? 3) 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. 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. 🔗Curious to find out more? Discover the programme and full speaker line up here: https://lnkd.in/eUq2cmC8 #Insurance #RiskManagement #Underwriter #ExponentialRiskLondon25

In today's Story of the Day, technology editor Clare Ruel unravels how insurtechs are supporting insurers to cover climate change related risk, given its unpredictability and complex nature, for the next installment of #TechTalk 🌎 Lloyd's #LloydsLab Previsico McKenzie Intelligence Services FloodFlash Descartes Underwriting Comparethemarket.com.au Swiss Re ICEYE #Insurtechs #Sustainability #Riskmamanagement #Insurers #Climatechange #ITexclusive

First rule of startups is to maintain a monk-like focus on a specific customer in a specific market. At ClimateFirst Building Solutions, we’re building climate risk management solutions for the people that own and manage commercial real estate assets… Because they’re the people experiencing the most immediate and painful effects of climate change on buildings. But they’re not the only ones impacted. It’s like dropping a stone in the pond, the ripples start to spread out to other stakeholders over time… Tenants, insurers, lenders, investors, regulators, etc. Have been spending a lot of time lately thinking about how our toolstack will change and evolve as the ripple of impact spreads, and a more diverse set of stakeholders starts looking to ClimateFirst to understand climate change risk. If you’re someone who sits in one of those outer rings, would love to chat and hear your story! #ClimateFirst #RWDI #Risk #Climate

There is no doubt that we are living through extraordinary times, with five broad challenges – climate change, technological disruption, demographic shifts, a fracturing world and social instability – reshaping the risk landscape in which we operate. Take a look at the horizon…happy to discuss any challenges you might face… #risklandscape #esg #financialservices #insurance

'How are we as an industry protecting nature? How can we close the protection gap? How can we bring insurance coverage to parts of the world where it doesn't exist right now? ' 🎬 Here's a preview from our webinar addressing how the growing amount of climate data is transforming the industry: http://spr.ly/60425bFNy Experts who joined our panel: Pradeep Venkatesh, CFA FRM, Associate Director of ESG Strategy, S&P Global Market Intelligence Liz H., Head of Climate Risk Advisory, Aon Tobias Grimm, Head of Climate Advisory and NatCat Data, Munich Re Steve Bowen, Chief Science Officer, Gallagher Re Moderator: Meg Green, Senior Editor, Insurance Insider In Partnership with S&P Global Market Intelligence #InsiderOnAir #InsuranceWebinars #ClimateData #Underwriting #Insurance

I'm very proud to tell you all about Beehive. Beehive is Enterprise Climate Risk Management software, helping our clients measure their financial exposure to climate disasters, mitigate losses, and write TCFD reports to comply with investor requests and global legislation. The pitch is simple. There is $100b of economic loss each year in the US due to climate disasters, 40% of which is uninsured. If companies are losing that much money, they need a software platform to measure and mitigate those losses and prepare for the dozens of annual disasters that hurt your business, like this weekend's devastating Hurricane Helene. And with global regulation requiring TCFD reports from tens of thousands of companies in the next 3 years, generative AI can save companies tens of thousands of dollars in consulting fees and months of work while offering a better product. Much more coming in the future. In the meantime, if you're at a tech or services company with >$500m in revenue, you should call me because you need this. Watch the video to hear the story of starting Beehive and our vision for Enterprise Climate Risk Management. #climaterisk #esg #tcfd #founder #startup

Aon Wins Climate Risk Modelling Solution of the Year!   We are proud to share that Aon has been recognized as the winner of the Climate Risk Modelling Solution of the Year at the InsuranceERM Global Climate Risk&Sustainability Awards 2024! As wildfire risks escalate, particularly in North America and Australia, our innovative approach is more critical than ever. In recent years, these regions have witnessed some of the most devastating wildfire losses in history, with insurers facing increasing pressure to understand and respond to these threats. At Aon, we have developed modelling solutions designed to quantify, mitigate wildfire risk effectively. Learn more about how wildfire risk is evolving: https://lnkd.in/eegK5HYG #ImpactForecasting

Fantastic recognition! Climate risk is becoming increasingly disruptive and impactful! Capital will only go to where it can generate a return and be protected! Data & Analytics experience and expertise are a key differentiated capability that will allow us to fulfill our mantra of Better Informer / Better Advised / Better Decisions!

Thank you Peter and to my fellow presenters for an insightful and enjoyable event! Some of the key takeaways for me included: ***** CPS230 & Third Party Suppliers ***** - importance of nurturing a reporting culture with our third parties - Have your Plan A, Plan B, Plan C - risks dont stop at your front door ***** CPS230 & Crisis simulation ***** - is important - need to consider what happens on Day 1 but also Day 2, 3, 4 and further - we should operate with confidence as an ecosystem and as a collective industry notwithstanding there are competitive elements ***** Risk Intelligence ***** - the superannuation industry has some catching up to do with the Banks - regulators collect a lot of data however if you use your data right you will detect issues before the regulator does - the super sector is evolving and has many priorities to deal with ***** Financial Accountability Regime ***** - super funds should have started their compliance journey already but resources may be deployed on priorities such as CPS230, Retirement Income Covenant and Privacy The PFS Team will provide more guidance on FAR soon!