Risky Science Podcast

Risk Market News

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In their own words

The Risky Science Podcast features conversations with scientists, insurers, investors, portfolio managers, and others about the evolving science of predicting and modeling risk across both natural and man-made perils.

As heard by us

Based on 6 episodes we listened to · September 2026

Chris Westfall makes the assumptions inside risk models legible by tracing their effects through insurance prices, housing markets, regulation, and capital.

Risky Science Podcast follows the chain from a model's assumptions to the prices, capital decisions, and regulations built around its output. Chris Westfall conducts focused interviews with academics and industry figures, repeatedly asking how uncertainty becomes actionable in…

Read our full review in PlayNext →

Why you'd press play

A hurricane model changes; Chris Westfall asks what moved before you blame the weather for your bill.

Press play if you want

  • to follow why $1 in modeled loss can mean roughly $5 more in Florida homeowners' premiums
  • to hear a philosopher ask how much uncertainty a useful forecast should admit
Read the full recommendation in PlayNext →

Talks about

Best episodes of Risky Science Podcast

Short reviews from the PlayNext desk, based on the episodes we processed.

AI Risk, Markets and Modeling the Unknown With Daniel Reti

A measured look at pricing AI risk before the data catches up.

Risky Science treats AI as an underwriting problem, with Chris Westphal and Daniel Reddy, co-founder of Exona Labs, weighing how to price a fast-moving technology when the loss history is thin and the data trail is still forming.

Sweet Earnings, Sour Investors and the Insurance Cycle Reset with KBW’s Meyer Shields

Strong insurer profits, weak investor sentiment, and a pricing cycle still being tested.

Risky Science takes a clear look at the divide between insurers posting some of their strongest underwriting profits for years and investor sentiment still sitting at historic lows.

Opening China’s Weather Risk Markets with climateHedge’s Jim Huang

China's weather risk markets, viewed through regulation, liquidity, and insurance depth.

Risky Science Podcast frames a useful discussion of China's weather risk markets, with Chris Westfall pressing Jim Huang on how geopolitics, trade tension, and regulation shape what can realistically take hold.

How Hurricane Risk Really Gets Priced with Dr. Ben Collier

A clear look at how catastrophe models turn into higher homeowners' premiums.

This episode treats Florida homeowners' insurance as both a climate problem and a financing problem. Chris Westfall and Ben Collier keep the focus on the machinery underneath it all: catastrophe model revisions, expected loss, reinsurance, and the cost of capital.

Pandemics, Models and the Limits of Securitization with Dr. Susan Erikson

A sharp look at whether pandemic bonds could deliver the speed, resilience, and transparency they promised.

The Risky Science Podcast shifts from its usual mix of modelers, risk executives, and investors into a tighter examination of how World Bank pandemic bonds turned pandemic risk into a financial instrument. Dr.

Podcasts like Risky Science Podcast

Episodes

  1. 1

    (Preview) The $232 Billion Storm No One Is Pricing With Moody's Chris Lafakis

    Hidden gem

    Moody's economist Chris Lafakis discusses a proprietary analysis showing that a severe Category 5 hurricane hitting Southeast Florida would cause worse economic damage to Miami than a 2008-level global financial crisis.

    ·10m·1 clip
  2. 2

    Climate, Markets and the Limits of Insurability with Dave Jones

    Hidden gem

    Risky Science Podcast asks whether climate change is making property insurance less available, with host Chris Westfall framing Dave Jones’s Yale Law Journal article as a counterpoint to earlier skepticism about climate catastrophe models.

    ·52m·3 clips
  3. 3

    Opening China’s Weather Risk Markets with climateHedge’s Jim Huang

    Hidden gem

    Risky Science Podcast host Chris Westfall speaks with Jim Huang, founder of Climate Hedge, about opening China’s weather-risk markets from Shanghai.

    ·42m·2 clips
  4. 4

    AI Risk, Markets and Modeling the Unknown With Daniel Reti

    Hidden gem

    Chris Westphal interviews Daniel Reddy of Exona Labs about AI risk quantification and insurance.

    ·42m·1 clip
  5. 5

    Weather, Risk & Europe’s Energy Upheaval with TP ICAP’s Tim Boyce

    Hidden gem

    Chris Westfall (Risky Science Podcast) interviews Tim Boyce, a 25-year financial markets veteran now leading TPI ACAT's European weather derivatives business.

    ·45m·1 clip
  6. 6

    Sweet Earnings, Sour Investors and the Insurance Cycle Reset with KBW’s Meyer Shields

    Hidden gem

    The episode starts with a market split.

    ·29m·1 clip
  7. 7

    How Hurricane Risk Really Gets Priced with Dr. Ben Collier

    Hidden gem

    The bill is the clue.

    ·56m·3 clips
  8. 8

    Confidence as a Service With Eric Winsberg

    Chris Westfall opens by framing risk models as a string of choices.

    ·1h 1m·10 clips
  9. 9

    Pandemics, Models and the Limits of Securitization with Dr. Susan Erikson

    Chris Westfall opens by noting this episode feels a bit different from the show’s usual mix of modelers, risk industry executives, and investors.

    ·48m·5 clips
  10. 10

    Prediction Markets, Parametrics and Rethinking Weather Risk With Dr. Partick Brown

    Chris Westfall opens with a question about how insurers, reinsurers, and energy companies handle hurricane and weather risk exposure.

    ·54m·10 clips
  11. 11

    Black Box Problems, Machine Judgment and the Rules Nobody's Written Yet With Daniel Schwarcz

    Hidden gem

    Chris Westfall opens by pushing back on the boilerplate claim that AI will improve efficiency and customer outcomes.

    ·53m·5 clips
  12. 12

    Climate, Catastrophe Models and the Limits of Prediction with Dr. Roger Pielke Jr.

    Hidden gem

    Risky Science Podcast hosts Dr.

    ·42m·2 clips
  13. 13

    Housing Prices, Climate Signals and Reinsurance Shocks with Dr. Philip Mulder

    Hidden gem

    Chris Westfall speaks with Dr.

    ·50m·3 clips
  14. 14

    Cyber Risk in 2026 and Why Near Misses Matter More Than Losses With Morgan Hervé-Mignucci

    Hidden gem

    Chris Westfall opens Risky Science Podcast with a discussion of cyber risk in 2026 and asks Morgan Hervé-Mignucci, head of risk modeling at Coalition, what a truly systemic insured cyber loss would look like.

    ·42m·2 clips
  15. 15

    Greenland, Venezuela and the New Political Risk Model Reality with WTW’s Sam Wilkin

    Political risk has moved from background risk into a macro headwind.

    ·47m·1 clip
  16. 16

    Why Mixing Catastrophes With Prediction Markets Is More Dangerous Than It Looks With Jamie Pietruska

    An interview with historian Dr.

    Apr 15, 2026·48m
  17. 17

    AI, Models, and the Limits of Climate Assumptions with Sarah Kapnick

    A conversation about the time horizon problem in climate finance, the gap between credit models and physical risk, and AI-generated climate insights.

    Apr 13, 2026·27m
  18. 18

    Can Models Still Work When Everything Changes at Once? With Christiane Baumeister

    An interview with Dr.

    Apr 1, 2026·53m
  19. 19

    (Preview) China's Growing Risk Data Moat and the US Brain Drain With Hui Su

    A preview of a podcast about the science of predicting and modeling catastrophe risk, discussing AI and climate volatility.

    Mar 25, 2026·6m
  20. 20

    Building Trust In AI-Driven Weather and Risk Models With Dr. Hansi Singh

    An interview with Dr.

    Oct 15, 2025·47m
  21. 21

    From Models to Markets and Future of Catastrophe Risk with Dr. Paul Wilson

    Oct 1, 2025·42m
  22. 22

    AI, Climate, Catastrophe and Why Markets Need To Rethink Risk with Dr. Seth Baum

    Sep 24, 2025·43m
  23. 23

    Prediction markets and disrupting insurance with Kalshi's Shannon Magiera

    Sep 17, 2025·34m
  24. 24

    Climate, Correlation, and Cat Bond Investing with Plenum Investments’ Dirk Schmelzer

    Sep 10, 2025·47m
  25. 25

    Why Trust, Transparency, and Testing Define the Future of Cat Bonds And Models with KCC’s Karen Clark

    Sep 3, 2025·42m
  26. 26

    The Modeled Through Line from Hurricane Katrina to Cyber Catastrophe Risk with Fermat Capital’s John Seo

    Aug 27, 2025·53m
  27. 27

    Pricing and Modeling Wildfire Risk in the Nation's Most Expensive Housing Market with Stanford's Michael Wara

    Aug 20, 2025·54m
  28. 28

    Severe Convective Storms are Reshaping Insurance and Modeling with Dr. Victor Gensini

    Aug 13, 2025·45m
  29. 29

    Cascading Risks And a Cascadia Mega Quake With Dr. Tina Dura

    Jul 30, 2025·43m
  30. 30

    Multi‑Hazard Events, Messy Data and Climate Insurance Models with Michiel Ingels

    Jul 23, 2025·38m
  31. 31

    Floods, Risk Models, and the Future of Insurance With ReThought's Cory Isaacson

    Jul 16, 2025·42m
  32. 32

    Modeling Pandemic Risk: Dr. Neil Ferguson on the Future of Epidemiology, Policy, and Private Markets

    Jul 9, 2025·44m
  33. 33

    Multi-Hazard Modeling, AI, and the Future of Risk With Paolo Bocchini

    An interview with Dr.

    Jul 2, 2025·41m
  34. 34

    Wargaming, Combat Modeling, and Escalation Risk With CNA’s Dr. Jeremy Sepinsky

    This episode explores how wargaming and combat modeling are used to understand geopolitical conflict risk, featuring an interview with lead wargame designer Dr.

    Jun 25, 2025·36m
  35. 35

    Open Models, Collaboration, and Catastrophe Risk With Oasis’s Dickie Whitaker

    An interview with Dickie Whitaker about the future of catastrophe modeling and the push for open, transparent risk analytics.

    Jun 18, 2025·41m
  36. 36

    Private Credit, Liquidity, Longevity and Life Insurance With S&P’s Carmi Margalit

    An interview with Carmi Margarit from S&P Global Ratings discussing how private credit, drug developments like Ozempic, and AI are reshaping life insurance risk profiles.

    Jun 11, 2025·28m
  37. 37

    Modeling Risk in a Non-Stationary Climate with Dr. Daniel Swain

    A conversation with climate scientist Dr.

    May 25, 2025·1h 11m