Predict & Prevent

Insurers have massive databases from simulation models and satellites when it comes to weather and climate. The problem is figuring out how to use them to their full potential.

Climate change risk is emerging within the product liability discipline in a pattern seen previously with mass tort litigation.

The industry needs to stop wishing others could see the critical role we can play in preparing for climate change and just start playing that role.

"Ecospheres of prevention" sound great, but they may just be a way for insurers to use, say, leak detection devices to gain leverage on clients.

Tools to appeal to today’s consumer exist, but uncertainty over how to implement such profound change is holding many back.

Parametric insurance products could provide immediate relief through automatic payouts to vulnerable people in affected areas.

The ability to analyze countless data points in mere seconds opens ways to assess and predict that humans simply cannot hope to accomplish.

Claims data gathered by insurers — historically used to price and manage risk — could be used to reduce the potential for damage before the event.