David Schmid, Reask & Brian Espie, Kettle: Building transparent coverage for hurricane risks (251)

InsTech - insurance & innovation with Matthew Grant

The Florida insurance market has faced numerous challenges in recent years. For insurers to underwrite profitably in Florida, having the right hurricane reinsurance is essential. David Schmid, Head of Parametric Products, Reask and Brian Espie, Chief Underwriting Officer, Kettle, join Henry Gale to discuss the new parametric reinsurance solution Kettle and Reask have created for Florida hurricane risks.

Topics include:

• Why parametric can help insurers buy reinsurance that reflects their own view of risk
• The advantages of parametric reinsurance over industry loss warranties (ILWs)
• The data sources Reask uses to calculate hurricane wind speed at different locations
• How Hurricane Ian's wind patterns were unusual and why it matters

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Continuing Professional Development - Learning Objectives

InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, 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 some of the ways analysing natural disaster behaviours can help to underwrite
• Identify different reinsurance options and understand the importance of choosing the correct one

• Explain why calculating hurricane wind speed is essential

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 251 page of the InsTech website or email [e-mail] 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