Rethinking Insurance in an Era of Extreme Weather with Raghuveer Vinukollu

How do you insure a future where extreme weather is the new normal?Raghuveer Vinukollu, a hydrologist and reinsurance professional, joins John to explore how the insurance industry is responding to the growing risks of extreme weather. Reinsurance is insurance for insurance companies, and it helps make it possible to cover catastrophic events like hurricanes and flooding. Raghuveer explains how data is used to understand and price risk, why the industry balances accuracy with adequacy, and how natural infrastructure and system-scale thinking could help reduce risk and lower insurance costs.“There is always going to be a certain amount of uncertainty which can be priced for, but if we can get the right amount of adequacy, then only we can move forward.”- Raghuveer Vinukollu, Audacious WaterWhat You’ll Hear in This Episode:* Accuracy, Adequacy, and Uncertainty in Reinsurance* How Reinsurance Works: A Probabilistic Approach to Risk* Extreme Weather and the Changing Risk Landscape* From Risk Assessment to Risk Reduction* Nature-Based Infrastructure and System-Scale Solutions* Financing Resilience and the Future of Adaptation This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit audaciouswater.substack.com