Weekly Newsletter 20 November: Fizzy, dry or white?
If you find insurance a bit dry, want some fizz in GenAI or are wondering what InsTech is up to next Tuesday then we are here to help. Iris, our digital intern, has been busy digesting and understanding all of our content (words, audio and video). As a reward we’ve given them something a bit more liquid to ingest. Thanks to the generosity of our sponsors for our wine tasting event (members only see below) next week, we are able to bring you a wide selection of excellent wines. Whether you prefer seasonal reds, refreshing whites or are looking for something a bit more sophisticated see what Iris can suggest. Just pop open the InsTech webpage on your computer or phone and speak or write your request. Our taste buds are already salivating having done some testing. AND - Iris’ father - Christopher Payne, CEO of myReach will be at our event and in London for a few days so let him know if you are interested in learning more about Iris friends and family that may be able to help you in the more prosaic world of insurance.
The latest from InsTech
PODCAST: Insurance for Good - Episode 329
Jonathan Gonzalez, CEO and Co-founder of Raincoat takes over as host this week to talk with EDF’s Carolyn Kousky about one of the most pressing challenges in insurance: the disaster insurance gap.
VIDEO: Answering your burning questions: Unpacking data-driven innovations in wildfire risk
Did you miss our webinar last week? Gain a fundamental understanding on how wildfires work and how best to unlock wildfire hazard data. A perfect guide for insurers navigating this increasingly prevalent risk.
News from the InsTech Members
Exponential Risk London 25, 4th-5th March 2024
Join us in March to improve your understanding of catastrophe risk, climate and insured property. With a strong focus on education and collaboration, we’re bringing together the insurers, suppliers and brokers to talk about the issues affecting the industry in 2025 and the tools and data available.
NETWORKING EVENT: Pick, blend, ingest, enjoy – Making the whole greater than the sum of its parts in wine and technology, 26 November, 6:00 pm GMT
Still a few places left for InsTech members and friends to join us and enjoy an evening of fun, insights and networking whilst tasting a selection of wines from around the world. Our selection of wine has been provided by experts in EY, PKF Littlejohn, Root Platform and Inari, curated by InsTech chairman, Robin Merttens.
WEBINAR: Weathering the Storm: Innovative solutions to provide insurance cover for severe convective storms (SCS), 3 December, 3:00 pm GMT
Severe convective storms (SCS), including tornadoes and hail, have become the largest source of insured losses globally, surpassing hurricanes. Many U.S. insurers face challenges managing these risks, which can impact financial stability and ratings. Join Matthew Grant and leaders from Demex and others to learn about addressing SCS losses with innovative risk transfer options and resilience.
Other news and insights we've seen
Guidewire introduces Las Leñas
Guidewire introduces Las Leñas release to help streamline claims management and increase agility across the insurance lifecycle.
Mercedes-Benz Insurance Services signs agreement with Wrisk
Mercedes-Benz Insurance Services has partnered with Wrisk to enhance its insurance offerings, focusing on delivering streamlined and efficient insurance solutions tailored to customers' needs.
Previsico launches Instacasting
Previsico has launched Instacasting, an advanced flood mitigation solution that combines real-time data and forecasting to help insurers, businesses and governments manage flood risks more effectively. The solution aims to improve flood resilience by providing precise, location-specific alerts.
Aon launches new Florida flood model
Aon has launched a climate catastrophe modelling platform designed to help businesses understand and mitigate climate-related risks. It was developed by Impact Forecasting – Aon’s catastrophe model centre – in collaboration with Fathom.
AdvantageGo and CyberCube form ecosystem alliance
AdvantageGo and CyberCube have formed a strategic partnership to integrate CyberCube’s cyber risk analytics into AdvantageGo’s underwriting platform, enhancing insurers' ability to assess and manage cyber risks more effectively.
Insurity partners with ICEYE
Insurity has partnered with ICEYE to integrate real-time satellite imagery and flood data into its platform, enabling P&C insurers to improve catastrophe response and claims handling.
Insurance Thought Leadership: What Trump 2.0 means for climate initiatives
Paul Caroll discusses how Trump’s administration in 2024 could affect climate initiatives, likely prioritising energy independence and rolling back current climate policies.
Optalitix partners with Insurance Knowledge Hub
Optalitix has partnered with the Insurance Knowledge Hub to enhance technology skills within the insurance sector, focusing on advancing industry expertise and innovation through targeted training initiatives.
EY predicts UK insurers’ growth to slow
EY projects slower growth for UK insurers due to economic challenges and inflationary pressures impacting consumer spending and business investment in insurance.
Floodbase named recipient of RISE Resilience Challenge
Floodbase, and its partners at Raincoat, have been awarded the RISE Resilience Challenge for its innovative solutions in flood monitoring and risk assessment.
Newgen and Fadata partner
Newgen and Fadata have partnered to integrate content management solutions into insurance operations, enhancing process efficiency and compliance.
HDI Global expands ESG liability insurance offerings worldwide
HDI Global’s ESG liability insurance provides coverage for liabilities arising from ESG-related incidents, supporting companies in addressing sustainability challenges while ensuring compliance with regulatory standards.
Allianz’s Pantea Vaziri shares her vision for the future of Cyber Analytics
Pantea Vaziri of Allianz emphasises the importance of collaboration and innovation in advancing cyber analytics to address the growing complexity of cyber risks. She highlights the need for robust data sharing and partnerships to enhance predictive capabilities in the face of evolving cyber threats.
Envelop Risk launches Envelop Underwriting
Envelop Underwriting will focus on providing advanced underwriting and risk solutions, expanding Envelop Risk's capabilities in reinsurance and specialty insurance markets.
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