Future of Risk - Shifting Insurance to Predict & Prevent

In this webinar, ITL's Future of Risk series explores the transition from reactive to proactive risk management through Predict & Prevent, highlighting technology and resilience.

Future of Risk - Shifting Insurance to Predict & Prevent

As risk management and insurance struggle in today’s volatile and costly risk landscape, momentum is building for a move from the traditional, reactive approach of detect and repair to a more proactive approach: Predict & Prevent. Technology increasingly can give us real-time information about risk, creating opportunities to predict losses and take steps to prevent them -- after all, the best claim is the one that never happens. Making our buildings and communities more resilient can also blunt the impact of climate risks.

Join us to hear from insurance leaders who are at the forefront of efforts to make our cars, homes and society safer. In this webinar, they discuss:

• Where we are now in terms of Predict & Prevent

• Where research and technology can take us in the relatively near future

• How we get the word out to customers, insurers and regulators to maximize benefits

Date: September 12, 2023

Time: 3:39 pm EDT

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About the Speakers

Paul Carroll

Paul Carroll is the editor-in-chief of Insurance Thought Leadership.

He is also co-author of A Brief History of a Perfect Future: Inventing the Future We Can Proudly Leave Our Kids by 2050 and Billion Dollar Lessons: What You Can Learn From the Most Inexcusable Business Failures of the Last 25 Years and the author of a best-seller on IBM, published in 1993.

Carroll spent 17 years at the Wall Street Journal as an editor and reporter; he was nominated twice for the Pulitzer Prize. He later was a finalist for a National Magazine Award.

Pete Miller

Peter L. Miller is president and chief executive officer of the Institutes and leads the CPCU Society and the Griffith Insurance Education Foundation as a result of the affiliation of these organizations with the Institutes in 2012. Before he was named president and CEO in 2006, Miller served as the interim and acting president and CEO.

Dr. David Harkey

David Harkey is president of the Insurance Institute for Highway Safety and the HighwayLoss Data Institute.

Before taking the helm at IIHS-HLDI in 2018, Dr. Harkey led the University of North Carolina Highway Safety Research Center for 11 years. He directed numerous projects to improve roadway design and operations for all road users, develop tools and strategies for enhanced safety analysis and improved data collection, and create training materials for safety professionals. He has led major research programs and projects for the Federal Highway Administration, National Highway Traffic Safety Administration and other public agencies throughout his career and published numerous technical reports and peer-reviewed articles.

Dr. Harkey received a doctorate in civil engineering from North Carolina State University and a master's degree and bachelor's degree in civil engineering from the University of North Carolina at Charlotte. He is actively involved in several professional organizations, including the Transportation Research Board and the Institute for Transportation Engineers.

Roy Wright

Roy Wright, president and CEO of the Insurance Institute for Building & Home Safety, is a leader in climate adaptation, building science and disaster mitigation. A former FEMA official, Roy brings together stakeholders across industries and specialties to tackle some of the toughest disasters facing communities across the U.S. From wildfires to hurricanes, tornadoes to hailstorms, he oversees the research and risk-reduction efforts that are creating stronger, more resilient homes, businesses and communities. Roy is a recognized resiliency shaper who has dedicated his career to breaking the cycle of human suffering that strikes families and communities in the wake of severe weather.