Renew Risk

Earlier this week, our CPO Joshua Macabuag FREng MICE shared his insights on Renew Risk's cutting-edge catastrophe risk models for offshore wind farms at the InsTech Founders’ Forum in London. The forum brought together experts to explore key challenges and innovative solutions related to climate across the insurance industry. Thank you InsTech, Reask, and EigenRisk Inc. for hosting such an insightful evening, and thank you Jeremy Hyams and Nicola Turner for such an engaging panel! Great event-all round. #insurance #offshorewind #catastropheriskmodels #riskmanagement #insurtech

🌟 Although models and tools for climate and catastrophe underwriting have been available for 30 years, the insurance industry still experiences unexpected losses from natural and man-made disasters… Our Chief Product Officer Joshua Macabuag FREng MICE will speak alongside @nicola turner from Scrub AI at InsTech's upcoming event, 'Climate and property blind spots revealed: making the right decision at the right time, ' supported by EigenRisk Inc. and Reask hosted by Jeremy Hyams. They will discuss the tools available in 2024 to reduce losses and reveal climate and property blind spots. 🔗Register here to attend: (It’s FREE For risk managers, insurers, brokers and MGAs) https://lnkd.in/esx8eMdx #Founder #Insurtech #Technology #AI #Risk #Climaterisk #SynergyCloud #Weathernet #Weatherdata

Thrilled to share that Prof Subhamoy (Suby) Bhattacharya, our Chief Scientist at Renew Risk, led and officially convened the 18th World Conference on Earthquake Engineering (WCEE2024) in Milan, Italy, this week. The conference was a tremendous success, drawing nearly 4,000 participants, including numerous representatives from the insurance and finance sectors. Dr. Bhattacharya played a pivotal role by chairing and co-chairing over 45 research presentations on earthquake engineering. Congratulations to the entire WCEE2024 team for their outstanding contributions to advancing knowledge in this critical field! Discover more about the event here: https://www.wcee2024.it/ #RenewableEnergy #Insurtech #catastropherisk #CatastropheRiskModelling #offshorewind #natcatmodelling Joined by strong UK delegation - Athanasios Gkimprixis, Valentina Putrino, Indranil Kongar, Salvatore Iacoletti in Milan!

🌍✨ Excited to be part of London Climate Action Week! ✨🌍 Last week, we gathered to discuss the challenges, opportunities and risks associated with climate change in an event organised by Insurtech Gateway in the Old Library at Lloyd's. It was inspiring to see such a diverse group of industry leaders, innovators, and changemakers committed to driving meaningful action. Our CEO, Ashima Gupta delivered keynote address highlighting the significant growth in Offshore wind over the next decade and the tremendous opportunity for premium growth for (re)insurers. At Renew Risk, we are proud to contribute to this global effort by providing state-of-the-art risk modelling and analytics solutions. Our goal is to support the transition to renewable energy by helping (re)insurers, investors, and developers manage the risks associated with natural disasters like Earthquakes and Hurricanes effectively. The next decade is crucial. We must harness the momentum and collaborate to achieve our ambitious targets for a sustainable future. Let's continue to innovate, collaborate, and lead the way in the global energy transition! 💡🔋🌍 Thank you Insurtech Gateway, Hannah Leonard, Richard Chattock, Robert Lumley, Stephen Brittain, Dom Nolan, Maria (Petrova) Čoko for a great event at Lloyd's. Thank you @James Harvard for attending the event in person and supporting our mission. #LondonClimateActionWeek #RenewRisk #ClimateAction #Sustainability #RenewableEnergy #OffshoreWind #Innovation Joshua Macabuag FREng MICE, Gaurav Chawla, Prof Subhamoy (Suby) Bhattacharya, Aaron Bent Sayan Bhattacharyya

🌟 Exciting Announcement from Renew Risk 🌟 We are delighted to announce the publication of our ground breaking research, "Greener Is Cheaper: An Example from Offshore Wind Farms," in the prestigious National Institute Economic Review (2024). https://lnkd.in/eycpjiCX This seminal paper is co-authored by Renew Risk's Chief Scientist, Prof Subhamoy (Suby) Bhattacharya, and Renew Risk's special advisor, Prof. Daniel Kammen. 🔬 Meet the Experts: Prof Subhamoy (Suby) Bhattacharya, Chaired Professor at the University of Surrey, boasts a rich academic history with prior appointments at Oxford University and a PhD from Cambridge. Prof Daniel Kammen, Distinguished Professor of Energy at the University of California, Berkeley, has been a pivotal figure in the Intergovernmental Panel on Climate Change since 1999, which won the 2007 Nobel Peace Prize. At Renew Risk, we are propelled by the brightest minds in the energy sector, striving to revolutionise sustainability and efficiency. Stay tuned for more updates! #RenewRisk #Sustainability #Innovation #OffshoreWindFarms #ClimateChange #RenewableEnergy #EnergySector #ScienceAndIndustry #AcademicExcellence #EnvironmentalImpact #EconomicReview2024 Join us in shaping a sustainable future! 🌍✨

For the London Climate Action Week our Co-Founder and CEO Ashima Gupta is excited to speak at Insurtech Gateway's Climate Evening, which will bring Insurtechs, Insurers and Investors together. Join us for an exclusive networking opportunity at the home of insurance, The Old Library at Lloyd's of London on Thursday, 27th June, 6:30 pm - 9:30 pm. This casual evening of drinks is a unique chance to mingle with professionals at the forefront of climate, technology, insurance, and venture. Please join us if you are interested in: ✅ Fast tracking the adoption of cleantech. ✅ Building trust in new markets. ✅ Unlocking investment and lending for climate ventures. ✅ Designing out risk by reducing exposure and taking rapid action. Our Co-Founder and CEO, Ashima Gupta, will be speaking alongside: @Ola Jacob, Director of Business Development at @Descartes Underwriting (parametric insurance and climate resilience) @Peet Denny, Founding Partner at Climate VC (impact at scale) Stephen Brittain, Co-Founder at Insurtech Gateway (unlocking scale) @Thomas Merriman, Co-Founder at @Kita (risk management in carbon markets) One-click registration: https://lu.ma/biu2gbue Hope to see you there! #LCAW2024 #climateaction #insurtech #event 

Join us at the Lloyd's Lab Alumni Coffee! Renew Risk will be attending the event on Wednesday, 22nd May from 11 AM-1 PM! We invite you to meet with us and learn how we can support your business needs. Our team, including Ashima Gupta Aaron Bent Joshua Macabuag FREng MICE will be there and eager to connect with you. Looking forward to seeing you there! Prof Subhamoy (Suby) Bhattacharya Gaurav Chawla #lloydslab Rosie Denée Kieran Linger Chloe Kaye

Renew Risk is thrilled to welcome Aaron Bent as our Global Head of Business Development. Aaron joins us with a wealth of experience as a seasoned sales executive, having worked at Verisk and successfully navigated a zero-to-one journey with an Insurtech start-up, Analyze Re. With decades of experience and a proven track record of success in scaling businesses within the insurance industry, Aaron's expertise will undoubtedly lead the way as we aim to expand our reach and impact. Welcome to Renew Risk, Aaron! “I joined Renew Risk after seeing the truly innovative solutions the team is producing for the renewable energy insurance space. I was intrigued. The in-depth knowledge that the team brings to the table is second to none, and I was thoroughly impressed. I figured this was the way of the future and wanted to be a part of it. I very much look forward to working at Renew Risk and would like to thank them for the warm welcome!” #RenewableEnergy #Insurtech #Leadership #catastropherisk #CatastropheRiskModelling #offshorewind #natcatmodelling

Wrapping up an incredible conference hosted by Matt Donovan and Dickie Whitaker at Oasis Loss Modelling Framework Ltd.! It was enlightening to engage with a vibrant ecosystem of risk modellers, OasisLMF users, insurance clients, and model vendors. Discussions around the future of renewables, catastrophe risk models, and insurance sector were not only insightful but also indicative of the exciting directions our industry is heading. A big thank you to everyone who contributed to the fruitful conversations and shared their expertise! #catastropherisk  #oasislmf #oasis #catastrophe #CatastropheRiskModelling

Renew Risk is delighted to introduce José M. Moratalla Campuzano, our newest addition to the team, as a Catastrophe Model Developer. Jose has a solid engineering background and extensive experience in seismic hazard, fragility, and vulnerability modelling. Before joining Renew Risk, Jose worked at GNS Science in New Zealand and at National RE in Spain. We are confident that Jose's experience and expertise will greatly enhance our collective efforts and contribute significantly to our success here at Renew Risk. Welcome to Renew Risk, Jose! "I joined Renew Risk because it represents a significant advancement in applying catastrophe modelling to the renewable energy sector. With specialised catastrophe models and risk analytics, we support the growth of the renewable energy industry throughout its transition journey. All of this along with a fantastic team and work environment."