Abigail Lozano’s Post

🚨 New data alert! 🚨 You can now subscribe to Fathom Flood Risk Score data directly from CARTO! Assess flood risk to portfolio assets at scale to make faster, more informed risk-management decisions. Get started with our step-by-step guide below! 👇 https://hubs.ly/Q02CqFT30 #insurance #floodrisk #datascience #geospatial #dataengineering

Just 2️⃣ days to go for our new webinar with InsTech. 🎥 Join us as we explore the complexities of flood risk modelling and consider key technological advancements and the associated impact on the insurance industry's understanding of the hazard 🌊 🎙️ Hear from the speakers: 👉 Simon Waller 👉 Helen Smith 👉 Ali Smedley (host) For more details and registration ➡️ https://lnkd.in/esgvJGnP #Flood #FloodRisk #RiskModeling #RiskManagement #NaturalHazards #Catastrophe #Insurance #ReInsurance #InsuranceNews #FloodInsurance #ClimateChange #AI

🎥 JBA Head of Business Development and Climate Change Commercial Lead, Judith Ellison joins as a panellist at the International Society of Catastrophe Managers (ISCM)'s Future of Flood Risk event next week 🌊 🔎 The panel will explore topics on flood resilience and advancements in modelling. They will also discuss how the insurance sector can help enhance land use, safeguard properties, and foster sustainable underwriting practices. Book your place today ➡️ https://lnkd.in/evvatXYG #Flood #FloodRisk #RiskManagement #RiskModeling #Insurance #ReInsurance #InsuranceNews #FloodResilience #ClimateChange

Met with the Fathom team yesterday to discuss their new flooding risk data (see example interactive map below 🗺) that we've incorporated into the Carto platform. Cuts across lots of use cases from investment analysis to pricing and underwriting. Gavin Lewis and Helen McKenzie have co-authored this 9 minute read which contains both the workflow for the dashboard example and also how risk scores can simplify complex use cases: https://lnkd.in/eEnRrVVU #insurance #underwriting #investment #climate

We're thrilled to announce the launch of a 3-part educational series focusing on the critical topic of flood. If you have not registered yet, our first virtual session will take place tomorrow. Flood modeling often remains shrouded in myth and misunderstanding, but this session aims to illuminate the fundamentals. We'll discuss the science behind flood models and their substantial impact on your client's financial bottom line. reThought Flood and PRMA will address the most common misconceptions, ensuring brokers and clients are well-equipped to engage in informed discussions about floods. Join us for this session featuring expert speakers Derek Lynch, CPCU, ARM, AIS, CBIA, Chief Underwriting Officer, and Edward Haas, Director of Risk & Loss Control from reThought Flood. Register today: https://lnkd.in/eiJG_A6Z #riskmanagement #agents #brokers #riskmanagers #insurance #insurers #PRMA #reThoughtFlood #education #advice #flood #claims #floodmodeling #insuranceeducation #clientengagement #jointhemovement Diane Delaney

Ground Up Loss in the context of Cat Modeling- "Ground-up Loss" refers to the 'Total Estimated Loss' before accounting for any Deductibles, Policy terms, or Reinsurance agreements. It represents the Direct Financial impact a specific peril (Eg., Flood, Earthquake) would have on insured properties within a defined area. Here's how Ground-up Loss functions: 1. Individual Property Assessment: The model assesses each insured property individually, considering factors like: • Location: Exposure to the specific peril. • Construction type: Vulnerability to damage. • Replacement value: Cost to rebuild or repair. • Policy coverage: Limits and exclusions. 2. Damage Estimation: The model calculates the Potential Damage to each property based on the peril's intensity and the property's vulnerability. 3. Loss Aggregation: The individual property losses are then summed up to estimate the 'Total Ground-up Loss' for the entire insured portfolio within the defined area. . #insurance #propertyinsurance #reinsurance #AAL #catastrophe #catmodeling #learning #riskmanagement #riskanalysis #commercialinsurance #stats #statistics #datamodeling #analytics #dataanalytics #catastropherisk #CatRisk

We were delighted with the response we received for the Data to Decisions Workshop that took place on Tuesday this week. Thank you to all those partners who took the time to attend. We hope you had an enlightening session with our team of flood experts, delving deep into the intricacies of flood modelling for current and future scenarios 🌊 💡 We look forward to more opportunities to connect, learn, and grow together. #FloodRisk #Insurance #ReInsurance #Resellers #FloodInsurance #RiskManagement #ClimateChange #RiskModeling #DisasterRiskReduction #FloodManagement

As the value of weather-related claims soared last year, up 36% on 2022, it’s great to hear that the ABI is pushing government for further investment in flood defence and changes to the planning system. In the meantime, insurance providers who use geospatial data to assess perils risk in real time, can help their policyholders minimise damage to property and reduce the value of their claims. https://splr.io/6044YHH1Q #propertyinsurance #geospatialdata #dataenrichment

Next month, JBA USA Managing Director Matt Reid will present the challenges in quantifying flood risk at the Oasis Loss Modelling Framework Ltd. Insight Conference in Bermuda. Join us to find out: 📌 Key lessons from a decade of flood risk modelling 📌 The capabilities that JBA offer 📌 Future technological impacts on understanding the hazard 📅 12 June 🕤 9:30 AM 📍 Royal Bermuda Yacht Club Learn more and register today for this free event ➡️ https://lnkd.in/eQzaWEYC #Flood #FloodRisk #Insurance #InsuranceNews #ReInsurance #RiskManagement #RiskModeling #ClimateChange #FloodInsurance #Bermuda #Oasis

Want to learn more about how models impact your customer's premiums? Check out this webinar!