Stewart Brown’s Post

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

In the face of escalating climate challenges, traditional insurance models are evolving. RCOAST is at the forefront, working with insurers to develop new products that accurately reflect the real risks to coastal properties. By leveraging our advanced analytics and detailed risk assessments, we enable insurers to offer products that not only provide better coverage but also incentivize investments in resilience. Stay tuned as we transform coastal insurance, making it a robust partner in our comprehensive resilience strategy. #CoastalInsurance #ClimateRisk #InnovativeSolutions #InsuranceInnovation

I have been working with Paul Quaiser and together, we have been building Atlas Research Group. We talk about climate insurance/reinsurance a lot and thought it was time we co-wrote a piece on our thoughts about this. Insurance isn’t just about managing risk anymore—it’s a powerful force for building a climate-resilient future. As climate events intensify, insurance plays a key role in supporting sustainable energy solutions by creating financial security for innovation, resilience, and adaptation. Advanced climate modeling and parametric solutions, like quick payouts for pre-set weather thresholds, mean faster recovery and stability for businesses facing severe weather. And by unlocking capital for clean technologies, insurers are driving the energy transition at scale. In a world of escalating climate risks and threats, we provide the scaffolding that helps businesses not only weather the storm but emerge stronger, resilient, and ready to lead in a sustainable future. Please enjoy our Medium article. #insurance for #climate #threats and #risks now and in the #future

Engaging complexity with the most advanced methods and tools. We are confronted with a complex set of evolving problems. And yes, management consultants, I am using problems instead of challenges. We are inundated with problem analyses regarding politics, our environment, and social well-being. Strategists and Consultancies often refer to VUCA - a trendy managerial acronym: VUCA, short for volatility, uncertainty, complexity, and ambiguity, and a catchall for “Hey, it’s crazy out there!” That makes it difficult to know HOW to approach a challenging situation and easy to use VUCA as a crutch, a way to throw off the hard work of strategy and planning. Just one reference to VUCA - https://lnkd.in/gAPBAFti A common phrase from our proverbial Planetary Canaries in the Coal Mine is Radical Collaboration as a call to Action. Whether that is a call for Peace or to Restore our planet's life support systems. The opening text from the Harvard Business Review did provide a clue to what is needed to engage our VUCAs. They refer to "Situation - Medieval Latin situationem (nominative situatio) "a position, situation," noun of action from past-participle stem of situare "to place, locate," from Latin situs "a place, position". Every location on the planet has a unique "situation." It is for this reason militaries and have developed situational analysis tools because they don't have the luxury of extending timeframes and the same incentives that consultancies do for perpetual billable hours. So far, we have hundreds of reports, papers, frameworks, goals, conferences, and even formal strategies. But what do they lack? Dynamic Situational Analysis tools specific to regions. One of the biggest industries and institutions caught between the actuarial past and an ominous future is Insurance. The entanglement and pace of our problems have presented a dilemma for our hierarchical and siloed institutions to utilize a methodology from the design sciences for situational analysis. The terms transdisciplinary and systems thinking comes up often in the realm of actually trying to engage our problems with the tools necessary to develop solutions. Buckminster Fuller utilized the concept of a Trimtab in his explorations for the Worldgame. A trimtab is effectively a leverage point on the rudder of a huge vessel that influences the direction of the rudder. As we know, even our navigational systems as a society are rigid. In the following article, colleagues and I are bridging methods and tools originally developed for Applied Futures and Defense and apply them toward benefiting the Commons (Nature & Human). Our objective is to enable regional leaders and their constituents with an expert decision tool to guide their policy development, infrastructure priorities/planning, and support the unique needs of Communities. We believe the Insurance Industry can serve as a Trimtab to direct financial resources to build resilience and well-being.

In times when traditional insurance struggles to provide adequate coverage for risks that have become too large and unpredictable, parametric insurance—and other alternative risk transfer solutions—are helping both private and public sectors respond to some of the most severe disasters. Angus Kirk, Chief Executive of Global Parametrics, will bring his insights to the panel 'Building Resilience to the Most Pressing Threats' at the Parametric Insurer Conference in London on 30th October. The Insurer | Henry Gale | Paul Walsh | Adrian Leonard | CelsiusPro #parametricinsurerevent

How is the insurance industry adapting to the escalating risks posed by climate change? Join us for a thought-provoking panel discussion at the Global Insurance Summit on 13 June featuring experts from the Insurance Development Forum, Beazley, and Swiss Re. Gain insights into managing evolving risk exposure and seizing opportunities in today's changing landscape. Register now: https://bit.ly/4aD4rsx #FTInsurance