Understanding changing peril risk, An Interview with Jon Schneyer, Director of Cat Response, CoreLogic

On this week’s The Leadership in Insurance Podcast I discussed with Jon Schneyer, Director of Cat Response, CoreLogic Insurance Solutions why⚡peril risk is changing (and it’s not climate change) and how proactive risk management and mitigation is now more important than ever. We also talked about the continued value of thought leadership not just for customers but also as an important and often undervalued 😀talent retention tool.Corelogic’s 2024 Hurricane report (👇click in the comments to download) focuses on the 32.7 million residential properties from Texas to Maine that have a combined reconstruction cost value of 💸$10.8 trillion. With the 2024 hurricane season likely be a very active season, potentially even more so than 2023 with a shift to La Niña conditions, understanding the risk to those properties is vital.Did you know that peril risk is changing and it’s not just about climate change - it’s also due to changing population concentrations as post-pandemic people are redetermining where they are choosing to live (🌅think less densely populated, warmer, coastal areas where peril risk is already higher whilst living in larger footprint dwellings). ⇝ alongside the rising cost of repairs ⚒️, this is impacting insurers portfolio risk, making it more challenging than ever to determine 🏘️Property tech Insurtechs are stepping up to support more proactive risk management by providing information that not only better identifies risk but also supports improved risk management and mitigation - enabling more affordable coverage to customers.We also discussed an important emerging trend that could really impact property tech and risk mitigation… using 💻 AI to predict 🎐weather events in real time (think knowing where a tornado might form or specifically land ahead of time and notifying policy holders immediately) 👇listen to the full episode for even more insights  Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

The insurance industry gets better through sharing innovation. On the Leadership in Insurance Podcast we speak to insurance thought leaders that are changing the game. The LIIP is a podcast helping Insurance professionals, Investors and supporters learn what it takes to achieve and succeed in the global insurance industry. We specifically look at what it takes to build a modern insurance business and how great teams are built, we share their stories to educate and inspire change to help build the future of insurance. Hosted on Acast. See acast.com/privacy for more information.