Episode 7: Closing the Climate Protection Gap with Science-based Insurance Solutions

STREAM EPISODE 7 HERE

(Total Run Time: 23 minutes)

Protection from accelerating climate risk remains the most pressing challenge facing clients globally, whether it affects assets or liabilities. Traditional climate models that only use past loss experience are not predictive of the future, which inflates premiums and contributes to deteriorating coverage and a growing climate protection gap that leaves over 70% of the world's economic losses from natural catastrophes uninsured. Understory's proprietary hyperlocal climate risk engine prices risk accurately and fairly while utilizing unsurpassed forecasting capabilities to mitigate that risk. This technology enables a mutualized property insurance structure that aligns interests and pioneers the most innovative insurance solution the market has seen since the advent of insurance over 300 years ago. Andrew Robinson, Skyward Specialty CEO, teams up with Alex Kubicek, Understory CEO, to discuss how their partnership enables comprehensive property coverage despite the volatility of climate change. By leveraging a science-based approach through proprietary technology and ground truth, they amplify the effectiveness of underwriting and claims decisions that pave the way for revolutionary risk management solutions in challenging market niches, starting with dealer's open lot coverage.


ITC Vegas is part of Clarion Events, Inc. which is part of the Clarion Events Group of companies (Clarion).

We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you.

We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. If you prefer us not to contact you about relevant events, products and services that we believe you will be interested in, you can manage your preferences via a link we will send you, unsubscribe using the link in our emails or by emailing [email protected].

* If I have provided a non-business domain email address (such as, but not limited to, gmail, hotmail, etc) I am doing so in the context of it being used for my business and not personal interactions with Clarion.

ALEX KUBICEK

ANDREW ROBINSON

CEO & Co-Founder

UNDERSTORY

CEO

Skyward Specialty Insurance

Trouble accessing? Please contact us at [email protected]

Copyright © 2022. All rights reserved.