Ep. 240: Stephen Bennett: Climate-resilient Risk Management

Spot On Insurance

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Stephen Bennett is the Co-Founder of The Demex Group, a company that has built an ecosystem that integrates cash flow modeling and weather data to protect businesses from long-term risks brought about by climate change. Stephen has over 25 years of experience in the private and public sectors, working with companies such as The Weather Channel and UC San Diego/Scripps. He describes himself as a meteorologist who applies his knowledge to optimize business practices.

Stephen joins us to discuss how climate change is a risk for various businesses and how The DEMEX Group can help protect these businesses. He shares how his passion for meteorology developed and highlights the multiple organizations and companies he’s worked with over his 25 year career. He describes the effects of recent climate-change disruptions and the hardest rainfall he has ever seen. Stephen also explains how the insurance company is a critical part of building financial climate resilience.

"The business community as a whole is coming to understand that climate change is going to affect businesses in some way, shape, or form." - Stephen Bennett

Today on Spot On Insurance:

• Where Stephen's passion for weather observation started
• How weather information is applied in business decision making
• Discussing previous storms, the disruptions they caused, and how we can prepare for them in the future
• The hardest rain Stephen's ever seen
• What EarthRisk is and the technology it used to analyze weather-driven trading opportunities
• Why the insurance sector became a massive part of building financial climate resilience
• What DEMEX is and their goals in educating about climate change
• The uses of DEMEX for the brokerage community
• What Stephen sees as effective investment strategies in the future based on climate change

Key Takeaways:

• Climate change is changing the way businesses look at long-term investments.

Resources Mentioned:

• The Inc. Tank: Weather Forecasting to Offset Financial Risk: Steve Bennett
• Balance of Power: UN's Stark Climate Warning (Radio)
• Impact of climate change and extreme weather events on global economy
• Climate Change Is Happening: Breaking Down the New UN Report

Connect with Stephen Bennett:

• The DEMEX Group
• Stephen Bennett on LinkedIn
• Email: [e-mail]

This episode was brought to you by…..

Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.

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