The Friday Five: Week of December 2, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

Q&A with Swiss Re, global reinsurer & multi-peril hazard data provider 

You may know Swiss Re as a leading global reinsurer and foremost authority on catastrophe risk. But, did you know Swiss Re's collaboration with SpatialKey directly integrates their CatNet® hazard data into SpatialKey's underwriting solution? This collaboration is helping underwriters make more informed decisions by putting access to global multi-peril hazard data at their fingertips. 

In this interview, we catch up with Peter Hausmann, Head of Nat Cat and Engineering Solutions at Swiss Re, where we talk about Cat models, climate change, how insurers can help close the protection gap, and more. This is a must-read interview for insurers underwriting natural catastrophe risks globally.

Pass the thanks: Nurturing an attitude of gratitude at work

“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” William Arthur Ward

The holidays are a good time to stop and take stock of what we’re thankful for, both personally and professionally. The problem is, many of us just don't make time for thanks. “Gratitude” is the manifestation of thanks—or thanks in action. It’s such a powerful, simple thing, yet so seldom expressed, especially in the workplace. In fact, one survey found that people are less likely to express gratitude at work than anyplace else, with 74 percent never or rarely expressing gratitude to their boss.

The Friday Five: Week of November 18, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

Q&A with KatRisk, global catastrophe modeler

KatRisk’s probabilistic multi-peril models are propelling this Cat modeler, largely known for their U.S. flood models, to the forefront of the flood modeling space. For more than five years, SpatialKey has worked with KatRisk to help underwriters and risk analysts gain a better understanding of flood risk. Our clients are finding that KatRisk’s overall score and flood depths by return period are helping underwriters understand both fluvial and pluvial flood risk like never before. In this interview, we talk with KatRisk co-founder, Dag Lohmann, about the challenges of modeling U.S. flood risk, FEMA, and what’s next for this innovative Cat modeler.

The Friday Five: Week of November 11, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

How to use distance to coast data to inform your coastal risk

At a glance:

  • Coastal counties in the U.S. are home to over 126 million people, or 40 percent of the total U.S. population, with an estimated $36.4 trillion in exposure across 18 states. 
  • Globally, 2.4 billion people live within 60 miles of the coast. And, about 10 percent of the world’s population live in coastal areas that are less than 10 meters above sea level. 
  • If you’re writing or managing coastal risk, it’s imperative that you couple coastline data with coastal related risks. 

The Friday Five: Week of November 4, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

A maritime metaphor for P&C industry change

"The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails." – William Arthur Ward, Writer

New digital technologies, increased competition, and changing customer demands are forcing 61 percent of insurance carriers and financial services firms to move away from traditional business models, according to a recent global study of C-suite insurance and financial services executives. While we don’t need a study to tell us that digital disruption is real, what’s boggling is what the other 39 percent of organizations are (or aren’t) doing about it.  

Q&A with RedZone, wildfire modeler & hazard data provider

Factors like smoke and wind-driven embers were critical to the 2017 and 2018 California wildfiresand perhaps even more so to recent fires such as Kincade, Getty, and Maria. Yet, traditional incumbent models haven't historically accounted for smoke and floating embers. RedZone does. Lead by actual fire-fighting professionals who understand the nuances behind this growing risk, RedZone is at the forefront of innovating U.S. wildfire data science. 

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