#34 - Dr. Tina Thomson - How is Data Transforming Catastrophe Reinsurance?
07/21/24 • 50 min
In this podcast, we speak with Dr. Tina Thomson, Global Head of Research and International Catastrophe Analytics at Gallagher Re, from Gallagher Re, a reinsurance broker.
The topics discussed relate to better information management, focusing on digital data and decision-making in the context of catastrophe modeling. Tina elaborates on her role and career progression, emphasizing her work in catastrophe modeling which involves assessing and mitigating risks from natural disasters (like earthquakes, floods, hurricanes) and man-made catastrophes (like cyber-attacks and terrorism).
Key Points Discussed:
- Introduction to Gallagher Re and Dr. Thomson's Role: Tina works in catastrophe analytics and leads the international team, covering Europe, the Middle East, Africa, Asia-Pacific, and Latin America. She also heads the Gallagher Research Centre, linking academic research with industry needs.
- Data Quality and Management: The importance of data quality and metadata in catastrophe modeling. Tina explains how data is collected, audited, and used in risk assessment and decision-making.
- Emerging Risks and Technologies: Discussion on evolving risks like cyber threats and geopolitical instability. Tina also touches on advancements in AI, data processing, and the role of climate modeling in understanding and predicting future risks.
- Parametric Insurance: Explains the concept of parametric insurance, where predefined triggers lead to payouts, primarily used in regions without established insurance frameworks.
- Future Trends: The podcast wraps up with Tina discussing the future of catastrophe modeling and insurance, highlighting the importance of continuous research, data insights, and adapting to new types of risks.
References:
Gallagher Re: https://www.ajg.com/
Disaster Risk Management Professional Practice Group, RGS:
https://www.rgs.org/professionals/professional-practice-groups/disaster-risk-management-ppg
Oasis Loss Modeling Framework: https://oasislmf.org/
Lloyd's of London: https://www.lloyds.com/
World Bank: https://www.worldbank.org/
Royal Geographical Society: https://www.rgs.org/
Remote Sensing and Photogrammetry Society: https://www.rspsoc.org.uk/
#CatastropheModeling #Insurance #Reinsurance #DataQuality #DigitalData #RiskAssessment #AI #ClimateModeling #CyberRisk #ParametricInsurance
Contact the BimTube Podcast by sending us a text message.
BimTube's Mission: "We want to build everyone’s digital knowledge with content and conversations to inspire and instigate 'Better Information Management' to enable - better decisions, better infrastructure, better services and better outcomes for our social, economic and environmental infrastructure."
- Visit the BimTube Podcast page: https://www.bim.tube
- BIM / ISO 19650 Training (sponsored): https://www.bimenable.com
In this podcast, we speak with Dr. Tina Thomson, Global Head of Research and International Catastrophe Analytics at Gallagher Re, from Gallagher Re, a reinsurance broker.
The topics discussed relate to better information management, focusing on digital data and decision-making in the context of catastrophe modeling. Tina elaborates on her role and career progression, emphasizing her work in catastrophe modeling which involves assessing and mitigating risks from natural disasters (like earthquakes, floods, hurricanes) and man-made catastrophes (like cyber-attacks and terrorism).
Key Points Discussed:
- Introduction to Gallagher Re and Dr. Thomson's Role: Tina works in catastrophe analytics and leads the international team, covering Europe, the Middle East, Africa, Asia-Pacific, and Latin America. She also heads the Gallagher Research Centre, linking academic research with industry needs.
- Data Quality and Management: The importance of data quality and metadata in catastrophe modeling. Tina explains how data is collected, audited, and used in risk assessment and decision-making.
- Emerging Risks and Technologies: Discussion on evolving risks like cyber threats and geopolitical instability. Tina also touches on advancements in AI, data processing, and the role of climate modeling in understanding and predicting future risks.
- Parametric Insurance: Explains the concept of parametric insurance, where predefined triggers lead to payouts, primarily used in regions without established insurance frameworks.
- Future Trends: The podcast wraps up with Tina discussing the future of catastrophe modeling and insurance, highlighting the importance of continuous research, data insights, and adapting to new types of risks.
References:
Gallagher Re: https://www.ajg.com/
Disaster Risk Management Professional Practice Group, RGS:
https://www.rgs.org/professionals/professional-practice-groups/disaster-risk-management-ppg
Oasis Loss Modeling Framework: https://oasislmf.org/
Lloyd's of London: https://www.lloyds.com/
World Bank: https://www.worldbank.org/
Royal Geographical Society: https://www.rgs.org/
Remote Sensing and Photogrammetry Society: https://www.rspsoc.org.uk/
#CatastropheModeling #Insurance #Reinsurance #DataQuality #DigitalData #RiskAssessment #AI #ClimateModeling #CyberRisk #ParametricInsurance
Contact the BimTube Podcast by sending us a text message.
BimTube's Mission: "We want to build everyone’s digital knowledge with content and conversations to inspire and instigate 'Better Information Management' to enable - better decisions, better infrastructure, better services and better outcomes for our social, economic and environmental infrastructure."
- Visit the BimTube Podcast page: https://www.bim.tube
- BIM / ISO 19650 Training (sponsored): https://www.bimenable.com
Previous Episode
#33 - Tim Flower - Data and Digital Innovations in the Rail Sector
In this episode of the BimTube Podcast, Steven hosts Tim Flower, UK Account Director for KONUX. They explore data integration, digital analytics, business intelligence, and systems integration in the rail industry.
>Tim's LinkedIn
Key Points:
- Tim Flower's career from data entry to Chief Intelligent Infrastructure Engineer at Network Rail.
- KONUX's use of predictive maintenance and AI in rail infrastructure.
- Digital twins, IoT, and SCADA systems in the rail industry.
- Importance of dashboards and analytics for informed decision-making.
- Benefits of SaaS in operational technology.
- Challenges in digitalisation, including legislation and communication.
- Emerging technologies like drone inspections and LiDAR.
- Building robust business cases focusing on safety and efficiency.
Resources:
● KONUX - https://www.konux.com/
● Rail Live Conference in Stratford-upon-Avon - http://www.raillive.org.uk/
● Rise of IoT Conference in Cologne - https://www.rise-of-iot.com/
● Permanent Way Institution (PWI) - https://www.thepwi.org/
● Network Rail (UK's National Rail Infrastructure Company): https://www.networkrail.co.uk/
Hashtags: #
Contact the BimTube Podcast by sending us a text message.
BimTube's Mission: "We want to build everyone’s digital knowledge with content and conversations to inspire and instigate 'Better Information Management' to enable - better decisions, better infrastructure, better services and better outcomes for our social, economic and environmental infrastructure."
- Visit the BimTube Podcast page: https://www.bim.tube
- BIM / ISO 19650 Training (sponsored): https://www.bimenable.com
Next Episode
#35 - Jeremy Murfitt - Leveraging Drones and GIS Data in Modern Surveying
In this BimTube podcast, we speak with chartered surveyor Jeremy Murfitt Dip. REM, FRICS, FIQ about drones and geospatial data in surveying. Topics include the shift to drone-based data, its impact on property and infrastructure, photogrammetry, and UK drone regulations.
Jeremy: LinkedIn | Everything is Somewhere
References:
Contact the BimTube Podcast by sending us a text message.
BimTube's Mission: "We want to build everyone’s digital knowledge with content and conversations to inspire and instigate 'Better Information Management' to enable - better decisions, better infrastructure, better services and better outcomes for our social, economic and environmental infrastructure."
- Visit the BimTube Podcast page: https://www.bim.tube
- BIM / ISO 19650 Training (sponsored): https://www.bimenable.com
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