Political Violence
Contributed to the integration of diverse risk data into Foundry, enabling granular political‐violence risk scores and significantly enhancing reinsurance pricing accuracy and geopolitical risk‐mitigation strategies.
Challenge
- No standard analysis and quantification of risks related to riots, terrorism, and political violence
- Complex integration of multiple structured and unstructured data sources, incl. real-time news feeds and historical data
- Absolute need for data pipelines to remain accurate and up to date while providing actionable insights for pricing and risk mitigation
Solution
- Participated in integrating 20 diverse data sources into a unified framework to generate granular political-violence risk scores
- Supported the incorporation of those risk scores into actuarial pricing models to inform more accurate reinsurance underwriting
- Helped develop a bespoke workshop application featuring customizable map widgets for intuitive visualization and dynamic exploration of geopolitical risk patterns
Results
- Contributed to a marked improvement in the client’s ability to mitigate geopolitical risks by integrating political‐violence risk scores into their pricing models
- Supported the delivery of detailed visualization tools and a scalable platform, empowering teams to explore and act on risk insights for current and future projects
- Helped enhance operational efficiency and establish a robust framework for ongoing innovation in risk analysis and management