Balancing Risk in a Changing Climate | Isaac Espinoza

Kettle CEO Isaac Espinoza explains how his insurtech company is using a sophisticated, data-driven model to solve the wildfire insurance crisis in the Western US. Discover why the traditional "all-or-nothing" approach to risk is failing, how Kettle's granular, parcel-level analysis creates new opportunities for coverage, and what the future of parametric insurance looks like for a world of increasing climate risk.

In this episode, you'll learn about:

• Kettle's Mission: To provide financial resilience against climate change through better risk modeling.

• Granular vs. Binary: Why viewing wildfire risk as a spectrum, not an on/off switch, is key.

• The Science of the Model: How Kettle uses 50+ data sources to model both fire ignition and spread.

• Parametric Insurance: An inside look at innovative products like "Fire in Parcel" that allow for simple rules and ultra-fast claim payments.

• The "Protection Gap": How Kettle is providing solutions for properties that the traditional market has abandoned.

• Underinsurance: The hidden danger of not keeping your coverage in line with rising rebuilding costs.

• The Real Cost of a Home: How rising insurance premiums can impact a property's overall affordability and market value.