Pete Bingenheimer @AIRWorldwide flood insurance gap is a $40 billion dollar opportunity for insurers. @Verisk provides tools for underwriting, portfolio management and pricing.
Suz Tolwinski-Ward @AIRWorldwide sharing lessons learned from #hurricane Irma and Michael and new developments in modeling at the Florida #Insurance Forum
Lots of talk about better tools to better understand flood risk in this last session, let’s not forget about the 🐘 in the room. Geocoding also needs to improve as it’s all about the very specific details of the location. #Envision19
Excited to be at #Envision19 with @AIRWorldwide in Austin! Looking forward to two exciting days of sessions on weather risk and climate change.
Come find me if you're here!
Every property in the U.S has a flood risk. There are different levels of risk, but almost any location has some type of flood risk. Clearly however the concern here is where much of the risk in the U.S. is - along rivers and ocean - where the risk is high. #Envision19
Two great graphics showing the growth of income and the overall opportunity that is growing for the insurance industry. But still a big protection gap. #Envision19
The tools to understand flood risk are growing to help tap into the potential $40B opportunity. One thing from this slide. Notice how localized flood risk is. A few of these houses are high and dry a few are not. Need high resolution tools to understand this risk. #Envision19
Bill Churney - starting off #Envision19 with a bit of prospective on the catastrophe losses over the last few years. @AIRWorldwide models Global Losses at 10 year return period at $86B. So global losses could be worse.
Looking forward to @AIRWorldwide’s #Envision19 conference this week, where our Head of Catastrophe Analytics @JASerakos will join an interactive panel on 11 April and share her perspective on climate change’s implications for the (re)insurance industry.
https://t.co/W4bpYL7Efr
James Kaufman @AIRWorldwide through automated data augmentation, we can recognize company name changes, mergers, spelling differences etc. to identify #casualty clash aggregations of risk
Robin Wilkinson Managing Director @AIRWorldwide #casualty models let users perturb the range of losses from historical or emerging risks and investigate areas of high risk, both scenario and stochastic approaches are widely used