KatRisk is a catastrophe modelling company providing global inland flood, storm surge and windstorm loss assessments for some of the largest insurers, reinsurers and brokers in the world.

Taking a macrocosm approach, the company’s models offer an open software architecture, allowing users to better understand correlated risks and to make modifications to suit specific needs.

Matthew Grant caught up with Dag Lohmann and Brandon Katz on the company’s development such as taking on strategic investment from TA Associates, and the challenges that come with modelling correlated risks such as tornadoes, tornadoes, straight-line winds and more.

Key talking points:

• The journey to strategic investment
• Innovating catastrophe modelling with advanced technology
• Client collaboration and transparency: a core ethos
• Leveraging high-resolution models for underwriting and risk assessment
• The future of catastrophe modelling and climate reporting
• Looking ahead: expansion and new developments

If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

• Define how correlation has changed the methods catastrophe modelling is conducted
• Identify the different types of government bodies that work alongside catastrophe modellers and why
• Summarise why catastrophe modelling tornados is difficult and why granularity of data can help

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 300 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

From episodes 68, 227 and now episode 299, InsTech has consistently caught up with Cytora and followed the company’s growth and expansion.

Alongside Google, Cytora supported InsTech’s March event in New York, after which Matthew Grant caught up with Richard Hartley on the company’s growth, entering the US market and its impact on the insurance industry.

Cytora focuses on data integration, partnering with numerous data providers to enhance the underwriter's workflow and ultimately transform manual insurance processes into digital ones.

Key talking points include:

• Developing the vision as the technology develops
• Digitizing risk - rendering it decision read
• Collating the team - collaging different backgrounds in Cytora
• Case studies - real-life examples of how Cytora helps carriers including Markel and Allianz
• Heterogenous data in a homogenous view - ecosystems
• Judgement and data - subjectivity

If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

• Describe how by partnering with different data sources, a platform provider can help an underwriter understand their data in a simpler, unified way
• Define what digitization of the insurance industry is and what it could look like
• Identify how platforms can help underwriters save time and focus on what they do best

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 299 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Optalitix was borne out of the need for ‘optimization’ and ‘analytics’, as Co-founder and Director Dani Katz realized the biggest blocker for insurance companies was converting spreadsheets. Having now expanded beyond spreadsheets, Optalitix offers three software products to UK (re)insurers and MGAs.

Robin Merttens spoke to Dani about the spreadsheet polemic, innovation in the London Market and the permeability of finding solutions to difficult problems in both work and personal life.

Key talking points include:

• Growing out a company - solving challenges for insurers
• To spreadsheet or not to spreadsheet
• Reflecting on how far digitisation has come in the industry
• Suns and roofs - best moment to innovate
• Underwriting workbenches - where to start? - Find out in InsTech's recent report
• Joining Google Cloud Marketplace
• Founding a charity

Read Matthew’s tips on being a panel host here.

If you like what you're hearing, please leave us a review on whichever platform you use or contact Dani Katz or Matthew Grant on LinkedIn.

To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

• Describe how the London Market can adopt digital transformation
• Explain how an underwriting workbench operates and how an insurer can adopt them
• Identify the issue with spreadsheets and what are the pros and cons of using them

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 298 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.