ICEYE’s Post

Amid mounting concerns about the repercussions of climate risks, questions arise: How can insurers fortify themselves against this challenge? How can they develop strategies to identify and mitigate climate and extreme weather risks? Read a brand-new article, published on Insurance Thought Leadership, by Guidewire's Chief Evangelist Laura Drabik that outlines three immediate actions that property and casualty insurers can undertake for effective risk mitigation. https://lnkd.in/dJ3n-sqN #climaterisk #severeweatherevents #riskmitigation #geospatialanalytics #HazardHub #parametrics #Guidewire #AI #innovation Nearmap CAPE Analytics McKinsey & Company Allianz Aon AXA Munich Re Zurich Insurance Plover Parametrics The Demex Group Swiss Re Marsh McLennan

Geospatial data can help address the complex business challenges insurers face because of climate change, writes Javier de la Torre, founder and chief strategy officer, CARTO. “With the average insured losses resulting from natural catastrophes reaching more than $110 billion, analyzing, understanding, and accurately predicting catastrophe risk and exposure of insured assets is fundamental for longer-term profitability,” he writes. https://bit.ly/3B13L3y #insurance #climatechange #GeospatialData

Revolutionizing the insurance industry, geospatial property intelligence delivers in-depth insights for risk assessment and disaster management. Want to learn more? Read the full blog here from ICEYE for an in-depth look at enhancing insurance solutions with technology. https://hubs.la/Q02n1TrN0 Do you rely on advanced geospatial analysis to drive your business? Contact New Light Technologies today to discover how you can leverage the best technology solutions to navigate complex challenges. https://hubs.la/Q02n1P2W0 #GeospatialIntelligence #InsuranceInnovation #RiskManagement

Revolutionizing the insurance industry, geospatial property intelligence delivers in-depth insights for risk assessment and disaster management. Want to learn more? Read the full blog here from ICEYE for an in-depth look at enhancing insurance solutions with technology. https://hubs.la/Q02n1JjD0 Do you rely on advanced geospatial analysis to drive your business? Contact New Light Technologies today to discover how you can leverage the best technology solutions to navigate complex challenges. https://hubs.la/Q02n1P2V0 #GeospatialIntelligence #InsuranceInnovation #RiskManagement

"AXA Climate seeks fast, accurate parametric risk transfer with Reask partnership" This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. AXA Climate, the specialist weather, climate and parametric risk transfer unit of the AXA Group, is partnering with catastrophe modelling, climate analytics and data specialist Reask, with a goal to make parametric risk transfer for cyclones faster and […] https://lnkd.in/gU7_A2X4

Optalitix partners with First Street to help insurers incorporate unique climate risk data into their underwriting process. By leveraging these datasets, insurers can ensure that quotes are appropriately priced in response to a changing climate. #DataAnalytics #ClimateRisk #InsuranceIndustry

An overwhelming number of climate-change related losses are currently uninsured. Are insurers losing resilience to climate change? Join us for an exclusive webinar around ‘Climate Change’ in insurance . Moderated by Tony Tarquini, the webinar will feature Carolyn Shreeve, Chief Underwriting Officer, Global Market Division, Allied World, Mark Varley, CEO, Addresscloud and Derek Lynch, CPCU, ARM, AIS, CBIA, Chief Underwriting Officer, reThought Insurance Corporation. -Learn the latest data integration methods to combine risk modeling, weather forecasting, and geo-coding. -Find out proactive strategies insurers are offering clients in 2024 -Discover new approaches insurers are using to leverage data to tackle climate change. Can’t make it live? That’s ok, sign up anyway and we’ll send you the recording! https://lnkd.in/euAUQuxc #ClimateChange #Insurance

In the face of increasingly unpredictable climate events, insurtech is leading the charge in transforming how we approach disaster protection. While traditional insurance models are still adapting, insurtech is already providing the solutions the world urgently needs: ◼️Instant disaster protection insurance: Delivering immediate financial support to individuals affected by disasters, with no paperwork or waiting periods. ◼️AI-driven risk models: Expanding coverage into areas once deemed "high risk," making insurance accessible to more people. ◼️Microinsurance innovations: Providing affordable coverage to millions who were previously excluded. The impact is clear: communities affected by climate events are recovering up to three times faster thanks to parametric coverage. It’s not just a profitable business model; it's a profound social change. It’s inspiring to see our industry take on the solar challenge and demonstrate how insurance can be both meaningful for the planet and profitable. This is the future of financial services. What insurtech trends have recently caught your attention? #Insurtech #ClimateChange #ClimateResilience #DisasterRelief #Insurance #FinancialTechnology #Innovation #Technology #AIinInsurance #Microinsurance #ClimateRisk

Welcome to the group, MiCRO - Microinsurance Catastrophe Risk Organisation! Based in LatAm, this move underscores our dedication to using insurance as a force for good by protecting low-income and vulnerable populations against climate-related disasters. Charlie Langdale, Chair, Climate Risk and Resilience, said: “At Howden, we firmly believe that the insurance market holds significant potential for fostering resilience among underinsured communities, enabling them to adapt to the future climate landscape, and microinsurance is one of the tools to achieve this. "MiCRO’s proprietary data platform and exceptional expertise, both in parametric insurance but also in creating wider access to insurance will help us scale this important capability for those most at risk.” Learn more: https://ow.ly/PUqC50RNxFE #Howden #ForceForGood #SocialImpact #ParametricInsurance