The Alliance Leverages the Best of Data Science and Visualization with Lloyd’s-backed Insurance Capabilities
Washington, D.C. June 6, 2016 – Risk Cooperative, a specialized insurance and risk advisory firm announces a breakthrough partnership with Resilient Solutions 21 (RS21), an innovative data science and risk management firm, and a Platform Partner of the 100 Resilient Cities initiative, pioneered by the Rockefeller Foundation. This alliance stems from the recent launch of the Lloyd’s City Risk Index in the U.S. at a joint event between Lloyd’s, the American Security Project and Risk Cooperative. Both firms aim to raise market readiness and highlight the need for greater urgency and public-private solutions to address the growing range of man-made and natural risks affecting the world.
In a time where man-made and natural risks are converging with great speed and unforeseen consequences, it is vital for new industries and private sector solutions to emerge. Risk Cooperative, harnessing its national risk placement capabilities and global insurance market access, combined with RS21 and their pioneering city-scale risk analytics are forging new financial and data-driven solutions. Responding to an unprecedented era of change where threats like cyber risk, crumbling infrastructure and climate change are the new normal, requires both actionable insights and implementable market solutions. “RS21 has pioneered a wide range of data analytics and vulnerability assessments that can be applied on a large geographic scale with an enviable degree of fidelity turning ‘not in my lifetime risks’ into marketable insurance classes. I believe this unique capability can not only serve as the basis for improved risk-pricing for otherwise uninsured losses that are passed on to tax payers, it can help us build a more resilient society one community and city at a time. We have structured our public sector practice and national risk placement capabilities to make this a reality” said Dante Disparte, Risk Cooperative’s founder and CEO.
Resilience is a domain requiring trillions of dollars in investment in everything from risk-ready infrastructure to large-scale human resettlement and infrastructure adaptation. Few sectors command this type of investment power like the global asset management and insurance industries. Risk Cooperative and RS21 are committed to building rigorous yet implementable solutions for a wide range of complex risks, such as cyber risk and weather-related losses, among others. “While we have often turned complex data into actionable, city-level insights, our partnership with Risk Cooperative will not only shield the public from large scale losses, but will also help build the business case that we can do much more in the private sector to build a resilient future. The combination of our data-driven solutions and entrepreneurial spirit, will help make resilience an investment grade asset class among global insurers,” added Charles Rath, President and CEO of RS21.
About Risk Cooperative
Risk Cooperative is a specialized strategy, risk and capital management firm founded around the question, what would you do in a world without risk? With this guiding principle, Risk Cooperative addresses the most pressing strategic questions of market expansion and innovation, strives to remove risk from management decisions and works to level the playing field for small to medium-sized enterprises (SMEs) in the capital markets. Headquartered in Washington, D.C., alongside the American Security Project, Risk Cooperative stands on three often separate disciplines of strategy, risk and investment, bringing them together as a part of our methodology to unlock value from risk.
To learn more visit http://www.riskcooperative.com
About Resilient Solutions 21
Resilient Solutions 21 (RS21) is a global consultancy created to help cities, businesses and systems flourish in today’s world. RS21 blends a powerful analytic capability with a network of world-class experts to provide game changing results that ensure a stronger future. It specializes in creating visually beautiful, web enabled analytics that inspire communities and inform the creation of imaginative solutions. RS21 is addressing some of the world’s most complex challenges – everything from youth violence in Mexico to improving the resilience of critical infrastructure across the entire U.S. RS21 is also a Platform Partner in the 100 Resilient Cities Initiative, pioneered by the Rockefeller Foundation.
To learn more visit http://www.resilientsolutions21.com
Andres Franzetti, CRM
Chief Strategy Officer and Founding Member