InnSure

Congratulations to our ten Insurance Innovation Prize Finalists! This Prize, which is supported by NYSERDA, promotes increases in research and development activities that expand affordability and accessibility of insurance solutions for energy-related technologies and narrow the gap between science, engineering, and underwriting approaches. Later this month, the Finalists will pitch their proposed solution to a panel of expert judges as part of the winners selection process. The Prize winners will then set out to deliver a new insurance product in New York State by Q2 2026. With at least $10 trillion of insurance coverage needed to reach net zero by 2030, it is essential that the insurance industry steps up and works to fill the renewable energy coverage gaps in unique ways. We are excited about the wide range of ways that these Finalists represent the level of innovation insurance needs across the clean energy, clean transportation, and clean buildings sectors. We will be showcasing some of the Finalists’ ideas at the InnSure Climate Week Forum (https://lnkd.in/ec9zwHb7) in NYC, and we will announce the winners later this year. Congratulations and good luck to all of the Finalists as they move on in the competition! ?? Ecostrat Inc. and New Energy Risk ?? Energetic Capital ?? EVSTAR ?? Exante ?? kWh Analytics ?? Luminar Technologies ?? NRG Energy ?? Prisere ?? Sunereum Labs: https://sunereum.com/ ?? Tallarna #InnSure #InsuranceInnovationPrize #insurance #insuranceindustry #insurancesolutions #insuranceinnovation #coveragegap #cleanenergy #cleantransportation #cleanbuildings

Not to be missed!!

Climate change is costing communities across the country, not just those on the "frontlines" of climate change, billions of dollars—community leaders can help reduce that cost by investing in community insurability. In this article for?The Bond Buyer, InnSure's Charlie Sidoti discusses how community leaders are in a unique position to drive their locale's insurability because they have the most say over land use, building codes, and infrastructure. And investing in insurability is a thoughtful way for municipal leaders to ensure their communities' economic stability as climate change impacts intensify—one that goes hand-in-hand with adaptation planning, smart development, and brings tangible benefits to all stakeholders. Check out the article below ?? #communityinsurability #riskresilience #climate #communityresilience #economicresilience #insurance

Missed last month’s ARISE US, Institutional Investors Group on Climate Change (IIGCC), and InnSure webinar on how IIGCC's Physical Climate Risk Assessment Methodology (PCRAM) can help deliver financing and risk transfer for infrastructure projects? The recording is available on our Vimeo! https://lnkd.in/e4u7_iPP Check it out to learn more about PCRAM and its real-world case studies and the planned PCRAM 2.0 improvements, including risk transfer mechanisms and links to insurance — which will further showcase the benefits of optimized resilience investment for real assets. #insurance #climaterisk #risktransfer #riskresilience #infrastructure

Did you know that Oysters used to cover up to 30% of the North sea? Now we're down to less than 1%... Did you know?? - One oyster can filter up to 190 liters of water PER DAY! - They extract and store carbon from seawater to build their shells - Oyster reefs absorb up to 93% of wave energy, which reduces erosion - They require no feed, as they filter their own food from the water Oysters are crucial to create important habitats for other marine life, hence boosting biodiversity Credit: Don Ritzen Follow Sophia Kianni ?? for more climate news and opportunities!

I am delighted to announce that registration is now open for ClimateTech Connect, and we are offering the lowest "early bird" rates for the next 30 days. To secure your spot: https://lnkd.in/eyx_W7x5 The venue for ClimateTech Connect is the stunning TCMA for Ronald Reagan Building and International Trade Center, located in the heart of Washington DC’s renowned Pennsylvania Avenue Corridor, just steps away from the iconic National Mall, Lincoln Memorial, Capital Building and White House. We have secured room blocks at several nearby hotels. It is advisable to book your hotel early...something about cherry blossoms ?? ! Click the hotel link on the website for more details. Give our professional page a follow ClimateTech Connect for more updates. ClimateTech Connect is the premier global conference that brings together thought leaders, innovators, policymakers, and leading industry experts to explore the intersection of climate resilience, mitigation and adaptation strategies and technology. Join us for two days of inspiring keynotes, panel discussions, workshops, a?product expo and networking as we delve into the latest advancements and solutions in climate resilience. Together, we will shape a more sustainable future. #climatetechnology #climatetechconnect #climateresilience #climateadaptation #climatemitigation #climaterisk www.climatetechconnect.io

We’re thrilled to announce the winners of the 2024 RISE Riverine Community Resilience Challenge! Congratulations to these organizations, whose innovative solutions aim to support comprehensive pre- and post-disaster protection in Virginia’s vulnerable flood-prone southwest region. We look forward to collaborating and bringing your solutions to real-world pilot sites. A sincere thank you to all applicants for contributing your impactful disaster support solutions. Read more about the Riverine Challenge here: https://lnkd.in/eggGgaZj Floodbase Raincoat FloodMapp InnSure HR&A Advisors Stantec Mērak Labs PRAM Ric Platform Services

InnSure is thrilled to share that we've been named as one of the winners of the RISE Riverine Community Resilience Challenge! We'll be working with our colleagues at HR&A Advisors and Stantec to create a Total Cost of Risk (TCOR) Simulator for riverine flooding-related risks, which will dynamically calculate the full spectrum of risk impacts to people, assets, and communities based on different risk mitigation and transfer scenarios. The Simulator will address a major gap in the current insurance market: the true cost of catastrophic events on household and local government budget sheets aren't accounted for in the pricing of risk or insurance products. With a full understanding of the community-wide costs, community leaders can assess the scale of the "uninsured losses" and advocate for better insurance products. The insights from the Simulator will also be used to inform a preliminary design for a Community Insurance Program. Check out RISE Resilience Innovations' winners announcement: https://lnkd.in/g8gSxW6B #InnSure #insurance #insuranceinnovation #floodrisk #riskresilience #totalcostofrisk #climatesolutions #communityinsurance

Wildfires in Brooklyn - let that sink in!

Reposting this link to a WaPo article earlier this week by Michael J. Coren on mispriced climate risk featuring DeltaTerra Capital and Climate Core Capital LLC and my friend Owen C. Woolcock who has some good comments about the article and the moment we are in. First time I've ever been called an iconoclast. I kind of like it I have to say...