Predict & Prevent is on the rise, promising to better protect society and save lives. Pete Miller shares the lessons he learned during the first season of The Institutes’ podcast.
“I can’t stop the tornado. I can’t stop the ignition of the wildfire or the hurricane that is coming. But we do know enough to narrow the path of destruction. And for us, it is about that science, but it has to be translated into specific actions that people can take.”
“How do we manage the losses in the property space — to minimize them, but also to better approach the underwriting and pricing and all the other dimensions that come in to bear as people understand the risks?”
Resiliency and understanding ROI are two big factors of the Predict & Prevent™ model. The latest episode from The Institutes’ Predict & Prevent podcast dives in.
As the use of different types of workers’ compensation technology increases, the insurance industry could help facilitate how future generations of workers are protected.
Insurance regulators are important partners as insurers transform how they work with consumers to move beyond detect and repair and promote Predict & Prevent.
Interest in better wildfire detection and suppression is growing in the wake of massive fires in California and Australia — costly disasters that are expected to become more common as climate change makes some areas drier and hotter.
Darren Tasker, head of energy and construction, North America, for Allianz Global Corporate & Specialty, sat down with Risk & Insurance to discuss his perspectives on a Predict & Prevent approach — and which risk carriers are turning their attentions to.
The third installment of podcast Predict & Prevent explores how IoT sensors can be used to detect water leaks. Here’s how one partnership between risk manager and insurer demonstrates how these new tools can predict and prevent loss.