Gamma Risk is developing exciting new data technologies to boost risk analysis with Richard Garry

In this episode, we are thrilled to be speaking with Richard Garry, Chief Commercial Officer of Gamma Risk, about the company’s exciting location-based, risk-reducing data solutions. Given the influx of new technologies and software into the insurance market in recent years, Richard notes the importance of recognising that the value rests not in the tech as an entity in itself, but as a conduit to cultivating better data, and therefore enabling better decision-making.
This data, meanwhile, must always be extrapolated from a wide range of reliable sources. Given the uncertainties presented by climate change, for example, data will soon need to be deployed within predictive models to generate risk assessments, which can no longer purely rely on historical data. This accelerated interest in new data approaches has and will continue to draw attention from the regulatory authorities, and the onus is on trade organisations such as the MGAA to communicate the different views of their members regarding the unforeseen consequences of any new rules.
Richard also discusses how Gamma Risk successfully cultivates and retains talent. He shares insights regarding light-handed executive oversight and flexible work options from which our industry could perhaps take notes as we tackle the burgeoning recruitment crisis.