InsurTech Innovation: Catastrophe Modeling for Insurer Solutions

Catastrophe risk modeling under climate change and natural disasters is an emerging technology with huge upside potential for growth. The total addressable market for catastrophe risk modeling and management can be enormous. The use case ranges from catastrophe insurance for insurers and reinsurers, disaster risk management for financial institutions, real-time hazard monitoring, infrastructure risk mitigation, among others.

Our risk modeling platform provides multi-peril risk assessment by utilizing machine learning techniques, and intelligence digital twin systems. Our platform could be used for risk and resilience assessments under multiple hazards, and risk mitigation of structural assets under climate change conditions. Our customer support may include business to business models and business to consumer models.

We may provide risk modeling support to insurer/reinsurer, building owners, or smart infrastructure management capabilities on the community to city scales. This smart modeling system can reduce modeling costs by delivering higher computational efficiency and better loss estimation accuracy.

Team Member(s):

LI Yaohan

Ghazanfar Ali ANWAR

Dr. DONG You