Rob Newbold, President, Catastrophe and Risk Solutions: Verisk: Beyond a single view of risk: why catastrophe modelling is becoming more collaborative (412)

Episode notes

For decades, catastrophe modelling has largely been about choosing the best view of risk. But what happens when no single model can capture the full picture? In this episode, Matthew Grant speaks with Rob Newbold, President of Catastrophe and Risk Solutions at Verisk, about why the future of catastrophe modelling is becoming more open, collaborative and accessible. Rob explains the thinking behind Verisk's new Model Exchange platform and why enabling insurers to access third-party models alongside Verisk's own is less about changing strategy and more about continuing a long-standing commitment to giving clients greater choice. The conversation explores how broader access to catastrophe and cyber models could help organisations build a more complete understanding of risk while making advanced analytics available to a much wider audience. They also discuss why the global protection gap remains stubbornly difficult to close, why parametric insurance has not yet delivered on many of its early promises and where new modelling capability is still urgently needed, from flood to wildfire.

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