Praedicat’s Reville: PFAS tops list of industry casualty risks | The Insurer TV
Join us for an insightful and in-depth conversation between George Abbott, the host of The Insurer TV, and our very own CEO, Robert Reville. In this engaging discussion, George and Robert delve into a wide range of topics, placing particular emphasis on a high-priority risk that has been under our vigilant watch for years – PFAS (per- and polyfluoroalkyl substances).
Drawing parallels to the historical challenges posed by asbestos, Bob unveils how select forward-thinking companies are spearheading innovative approaches to effectively navigate the intricate landscape of PFAS risks. They are accomplishing this through the adept utilization of sophisticated data analysis, cutting-edge modeling techniques, and expert aggregation management, ultimately allowing them to underwrite PFAS risks with pinpoint precision. Embracing broad PFAS exclusions represents a missed opportunity in today’s insurance landscape!
Furthermore, the conversation touches upon the pressing issue of climate-induced casualty risk and the legal battles that often follow. We are prepared and ready to support the industry with a robust and award-winning solution that includes advanced climate casualty risk analytics, climate scenarios and litigation tracking.
George and Robert also shed light on our impactful partnership with industry giant Aon and how we are working together to inform reinsurance buying decisions with the best emerging risk information possible. They also touch upon the significant collaborative efforts aimed at addressing climate challenges, along with upcoming projects focused on legacy and runoff.
The discussion also explores the evolving role of Insurance-Linked Securities (ILS) in the casualty insurance market, highlighting its growing significance. Finally, they discuss the game-changing potential of Nekomodel X, our cutting-edge probabilistic casualty catastrophe model, which promises to revolutionize how insurers approach and manage over 250 emerging risks.
This interview is a must-watch for anyone interested in staying at the forefront of the insurance industry and understanding the innovative solutions that are shaping its future.