Economic Architecture The Podcast

Andrew Engler from RockRose Risk believes the burden of resilience investment should not fall on the homeowner, nor should the endless search to calculate the personal cost of safety. In an era of increased climate risk, pricing insurance premiums that accurately consider risk are one challenge, while understanding that risk is another.

In this week’s conversation, Stuart Yasgur and Andrew Engler discuss the work at RockRose Risk, from the reduced insurance premiums that should come from resilience investing (like hardening one’s home against wildfire) to why that work is often missed by insurance companies, and what to do about it.

By creating a sort of translation mechanism between homeowners and insurers, Engler’s organization reduces the load on homeowners by ensuring they are supported in their efforts to increase their home’s resilience. It also supports insurers by providing a clearer portfolio of what the risks actually look like after resilience mitigation has been completed.