Executive Exchange: Using Advanced Toolsto Drill Into Flood Risk
Analysis based on precise, granular data is key to fair, accurate insurance pricing – and is more important than ever before in an era of increased climate-related risks. In a recent Executive Exchange discussion with Triple-I CEO Sean Kevelighan, a co-founder of Norway-based 7Analytics discussed how his company’s methodology – honed by use in the oil and gas industry – can help insurers identify opportunities to profitably write flood coverage in what might seem to be “untouchable” areas. 7Analytics uses hydrology, geology, and data science to develop high-precision flood risk data tools. “We are four oil and gas geologists behind 7Analytics,” said Jonas Torland, who also is the company’s chief…