InsTech

??Is #Parametric an underappreciated option in insurance? What do you think - ?? comment below ?????? Robin recently caught up with Munich Re’s Marcel-Steffen Reif and René Mück to ask whether parametric is starting to get the attention it deserves? You all know that at InsTech we are great fans of this insurance option, but what does the #market think? ?? René Mück talks about the power of #education. As more and more parametric teams spring up and become standard units in insurance companies, Rene emphasises their common challenge -? having to educate the client and making clear what they are buying. Overcoming concerns, near-misses and entrenching the parameters of the policy will ensure parametric continues to grow and do so successfully. As always, the InsTech podcast comes out every Sunday morning. Look out for another exciting episode coming out soon.?

We are delighted to announce Scrub AI is a ??Gold Sponsor??at InsTech’s Exponential Risk London 25. Exponential Risk is a new, two-day event hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community. Accurate data is at the heart of solving these needs, and this event is a great space to share ideas and explore better ways of working together. ??? To make it even easier for your teams to join, InsTech is offering buy 2, get a 3rd for free on delegate passes if you register by 29th November. Here’s a quick look at what’s in store: 1?? A focus on education and learning - what do people who are using models or model results need to understand about the way models are built and how this impacts how you use them? 2?? What is the effect of short term and longer term climate changes on catastrophic risk and how do you manage this in your role? 3?? Collaboration and connections have been an important reason for the success of the underwriting, modelling and aggregation community. This event is a chance to meet 350 like-minded people and learn from and with them. ?? Curious to find out more? Click the link in the comments for the programme and full speaker line up. Don’t miss the chance to grab the buy 2, get 1 free ticket deal, offer expires 29th November! #Instech #risk #catastrophemodelling #climatemodelling #

Did you miss our webinar? PriceHubble's Mark Cunningham and Julia Middleton joined Matthew Grant from InsTech for a fascinating and insightful discussion on the continued impact of cladding on the UK property market. Watch the webinar and download our insights to find out more about: - The scale of the cladding challenge in the UK - The role of PriceHubble data in identifying at-risk buildings - How specific property markets in London and Manchester have fared pre and post-Grenfell - The long-term impacts for people living in affected buildings on property values, lending and barriers to being able to move. ?? Watch our webinar: https://lnkd.in/gKYJxUqr PriceHubble offers a comprehensive, independent assessment of UK buildings at risk due to cladding, as part of a comprehensive range of property data solutions. To find out more, contact [email protected]. #pricehubble #instech #propertymarketinsight #whenfresh #claddingdata #insurancedata #propertydatasolutions

?? We are delighted to announce that OIP Robotics has joined the InsTech community! ??OIP Robotics is an insurtech solutions company primarily focused on solving problems in complex #risks and #surpluslines sphere. The company supports digital transformation in insurance through AI-driven portals, engineering expertise and tailored #underwriting support. ?? Recently OIP Robotics partnered with Insurity to power Insurity Document Intelligence, a solution that ulitises #AI to enhance #data extraction accuracy for #insurers. ?? We look forward to collaborating! Find out more about OIP Robotics here: https://www.oipteam.com/ Benjamin Gopal Alex Smithard Matthew Grant Robin Merttens Lana Vukovic Nemanja Jokic Mladen Subasic

?? Early bird catches the worm??? But what if it caught a ticket for ???InsTech #ExponentialRiskLondon instead? Did you know we have an early bird offer ?? ?? https://lnkd.in/eUq2cmC8 Exponential Risk London is a new, two-day conference hosted by InsTech, dedicated to addressing the evolving needs of the global catastrophe and climate modelling community. ?? ?? And to celebrate our new event we are offering 3 tickets for the price of 2! ?????? We understand how difficult it is to bring your lots of your #team to these conferences. At InsTech we believe in making knowledge #accessible to as many people as possible. ?? The offer expires on 29th November. Here’s a quick look at what’s in store if you do attend: 1?? A focus on #education and #learning - what do people who are using models or #model results need to understand about the way models are built and how this impacts how you use them? 2?? What is the effect of short term and longer term #climatechanges on catastrophic #risk and how do you manage this in your role? 3?? #Collaboration and #connections have been an important reason for the success of the underwriting, modelling and aggregation community. This event is a chance to meet 350 like-minded people and learn from and with them. See! Good things come in threes… 1?? 2?? 3?? Don’t wait. Grab three members of your team and get a ticket free! ?? ??https://lnkd.in/eUq2cmC8 Sam Jones Claire Souch Matthew Grant Robin Merttens Susi Ozkurt Alex Smithard Benjamin Gopal Charlotte Salisbury Zoja Wojcik CoreLogic e2Value, Inc. Fathom Moody's Scrub AI Verisk Addresscloud AdvantageGo Guidewire Software Insurity JBA Risk Management Kroll Nasdaq Reask ICEYE Brit Insurance Lloyd's Chaucer Group MS Amlin Arch Insurance Group Inc. Sompo Beazley Inigo

Beyond Grenfell: Navigating fire risk, cladding and building safety in 2024 WATCH WEBINAR ON DEMAND ? https://lnkd.in/duPtmB4v ? Reflecting on the insights shared during our recent webinar, we delved into the critical issue of fire risks associated with external cladding on tall buildings, a topic that has been under intense scrutiny since the 2017 Grenfell Tower tragedy. The session explored the evolving landscape of building safety, current regulations, and their impact on property values and the lending market. A highlight was the in-depth discussion on how the PriceHubble database provides a comprehensive, independent assessment of UK buildings at risk due to cladding. Key takeaways included: ?? Progress Since 2017: What’s been achieved in removing hazardous cladding—and the challenges that remain. ?? Fire Protection Measures: How buildings are being safeguarded today and the steps still needed. ?? Property Value Impact: The effect of cladding on resale value and lending potential. ?? Barriers and Future Outlook: Persistent cladding issues and anticipated changes. ?? Data-Driven Insights: How PriceHubble’s reliable database is helping organizations address these challenges effectively. A huge thank you to our speakers, Mark Cunningham (Managing Director, PriceHubble UK) and Julia Middleton (Real Estate Economist), for their invaluable contributions. This discussion brought clarity to a complex issue, equipping professionals in real estate and finance with actionable insights. For more information on PriceHubble's cladding data, feel free to reach out to Mark at [email protected] Susi Ozkurt Matthew Grant Rory Black Alex Smithard Benjamin Gopal Zoja Wojcik Sam Jones

This week, we're raising a glass ?? (literally) ?? as #Iris, our digital intern, dives into the world of wine at our upcoming networking event. While Iris sharpens their knowledge of all things InsTech, we're also bringing you fresh content and insights from across the insurance industry. From exploring disaster insurance gaps with Raincoat and Insurance for Good on our podcast to unpacking wildfire risk innovations in our latest webinar, there’s something for everyone curious about the future of insurance. ?? In breaking news, Guidewire Software launches Las Le?as, Mercedes-Benz Insurance Services GmbH partners with Wrisk, Previsico unveils Instacasting, and Aon debuts a new Florida #flood #model developed with Fathom. AdvantageGo teams up with CyberCube for cyber risk analytics, Insurity integrates ICEYE’s satellite #data and Optalitix collaborates with the Insurance Knowledge Hub for skill development. Floodbase wins the RISE Resilience Challenge with Raincoat, while Newgen Software partners with Fadata for streamlined insurance operations. HDI Group Global expands #ESG liability coverage, Allianz’s Pantea Vaziri discusses the future of #cyber analytics and Envelop Risk introduces Envelop Underwriting. Stay curious, stay inspired and keep connecting the dots with InsTech! #InsuranceInnovation #ClimateRisk #CyberRisk #InsurTech #Networking #DigitalTransformation

??? Weathering the Storm: Innovative solutions to provide insurance cover for severe convective storms (SCS) ??? Insurance professionals, take note! Severe Convective Storms (#SCS) like tornadoes and hail are no longer just a seasonal headache—they’ve become the largest loss driver for the insurance industry globally, surpassing even hurricanes. As their frequency and severity increase, how can insurers adapt and thrive in this evolving landscape? ?? ?? ?? https://lnkd.in/eMMAvXsy Join us as Matthew Grant and industry experts as they dive deep into: ? The growing challenges posed by SCS. ? Why traditional reinsurance solutions may fall short for US carriers. ? The reinsurance solutions provided by The Demex Group ? The Demex Group has a team of weather risk experts hailing from industry giants like Citadel, Enron, Munich Re, and more, their innovative solutions, backed by major reinsurance brokers and capacity providers, are a game-changer for carriers looking to protect earnings, surpluses and ratings. ?? Don’t miss this chance to learn how The Demex Group is redefining SCS risk transfer for a more resilient future. ?? ?? ?? https://lnkd.in/eMMAvXsy ?? Ready to transform your SCS risk strategy? Drop by our session to explore the next wave of reinsurance innovation. ??? #Insurance #Reinsurance #SCS #Innovation #RiskManagement #Demex Matthew Grant Pete Vloedman John DeMartini Matt Coleman Susi Ozkurt Charlotte Salisbury Sam Jones

In recent years, the accumulation of insured losses from SCS (severe convective storms—usually tornadoes and hail) has been the single biggest loss driver in the insurance industry worldwide—larger than hurricanes. The frequency and severity of SCS continue to increase. Yet the insurance solutions available to manage the risks from these events are inadequate for many US insurance carriers. Failure to address this major source of risk can lead to financial problems such as reduced earnings and surpluses, and impact an insurer’s AM Best ratings. Matthew Grant will be talking to Matt Coleman, John DeMartini and Pete Vloedman to discuss the challenges of understanding SCS and the risk transfer options available from both conventional reinsurance sources and the innovative and new solution being offered by Demex. This new and unique reinsurance offerings bring top reinsurance capacity back into the market to help manage the accumulation of losses from these much more frequent events. The Demex Group is founded and staffed by weather risk experts, with prior experience from companies including Citadel, Enron, Munich Re, Nephila, and other major players. Demex’s only focus is SCS and providing a high-performance reinsurance solution to insurance carriers. It has the support of the major reinsurance brokers and top reinsurance capacity providers. Demex has spent the past 2 years developing this solution and has multiple clients at risk today. Susi Ozkurt Matthew Grant Robin Merttens Sam Jones Zoja Wojcik Alex Smithard Benjamin Gopal William Clark