Utility-LINE’s Post

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/Q02n1HZ60 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/Q02n1wJp0 #GeospatialIntelligence #InsuranceInnovation #RiskManagement

Geocoding is transforming the insurance landscape by enabling precise risk assessments at the property level. As climate change increases the need for accurate data, insurers are leveraging geocoding to tackle geographic risks like flooding and wildfires. Discover how this critical tool is reshaping the future of risk management. https://hubs.la/Q02Sr2DH0

Geocoding is transforming the insurance landscape by enabling precise risk assessments at the property level. As climate change increases the need for accurate data, insurers are leveraging geocoding to tackle geographic risks like flooding and wildfires. Discover how this critical tool is reshaping the future of risk management. https://hubs.la/Q02SqRxy0

Cytora, a leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody's RMS. Richard Hartley, CEO and co-Founder of Cytora, said: “Natural and manmade catastrophes, influenced by a changing climate, are bringing a huge range of difficult challenges to the insurance industry that are only going to grow." Michael Richitelli, Managing Director – Global Insurance Sales at Moodys, said, “The changing catastrophe risk landscape means it’s more important than ever for insurers to accurately assess the impact of catastrophe risk as part of the risk selection and pricing process." Read the full story here: https://lnkd.in/gRZHdgmp #insurtechinsights #partnerships #climatechange #moodys

As we explore the #parametric concept with our clients, we always start with two key questions: (1) When an event (e.g. natural catastrophe) occurs, what are the many ways in which the event can impact you financially? (2) What tools do you have at your disposal to address this wide variety of loss categories? Businesses and public entities have a number of different “tools” to address these risks, including some combination of cash on hand, debt issuance, traditional insurance, and government assistance. In many cases parametric insurance can offer unique benefits that complements the other tools. As such, parametric can be a very important 𝙖𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 tool to create a more comprehensive and responsive risk management toolbox to deal with these risks. A number of great Aon colleagues got together with the goal to create a document that summarizes (1) how we might help our clients think about their overall risk management framework and (2) how parametric can fit into that framework. The link to the article is below, and I hope it is helpful as you think about how your organizations manages risk. As always, feel free to reach out anytime if you would like to discuss these concepts in more detail.  

We are proud to announce that Reask has been selected as a trusted partner by the Pacific Catastrophe Risk Insurance Company (PCRIC) and The World Bank to support their cyclone policies. A big thank you to PCRIC and The World Bank for trusting our data, and to our fantastic collaborators WTW, JBA Risk Management, and Temblor, Inc.. Our goal at Reask is to deliver comprehensive tropical cyclone risk modelling that reaches even the most remote islands, exactly when they need it. By incorporating the latest climate data into our models, we offer up-to-date hazard insights in a changing world. Our real-time, high-resolution wind fields contribute to the novel people-focused parametric insurance solution through the use of machine learning on a combination of climate and proprietary data sets. 🙏 A big thank you to David Schmid for driving this project forward. 🔗 Read more: https://lnkd.in/eRBmJpB2 ✉️ Talk with Reask via contact@reask.earth #ParametricInsurance #TropicalCyclones #ClimateRisk #ClimateChange #AI #Resilience #ExtremeWeather #DisasterRiskManagement #ClimateResilience #RiskModeling #ProbabilisticModeling #NaturalDisasters #DataDrivenDecisions #CatastropheModeling #GeospatialData #ClimateData #InsurTech #ParametricSolutions 

Geospatial property intelligence and satellite-based monitoring stand at the forefront of the #insurance industry's fight against climate change, enabling insurers to adopt more proactive, preventive strategies in managing catastrophe risks. Our collaboration with tech partners like Betterview and Guidewire Software exemplifies how technological advances can help insurers revolutionize the way they protect society from #ClimateChange’s worsening effects. Read more about this topic in our latest blog post: https://hubs.li/Q02mG3Hw0.