
The Prediction Markets Are Coming For Risk Markets and Insurance
Once just for betting on NBA games, prediction markets want to make parametric triggers cool again.
Conversations with the leading thinkers about measuring risk, including researchers, modelers, investors and insurers.
Once just for betting on NBA games, prediction markets want to make parametric triggers cool again.
Models will need to “play catch up” on perils most affected by warming trends, such as severe convective storms, Schmelzer says.
Karen Clark explains how real-time data validation and climate-conditioned risk assessment are transforming investor confidence in secondary perils as the reinsurance industry heads into its annual pricing cycle.
Fermat Capital’s John Seo reflects on how the storm validated catastrophe models, transformed the cat bond market, and laid the groundwork for today’s cyber risk transfer.
California needs to learn the successes, and failures, of other states when addressing its growing wildfire crisis.
Secondary perils are becoming a first order risk.