52: Chamath Palihapitiya & David Soloff - OTT Risk - Big tech, big data, ILS capacity - ILS NYC 2021

Chamath Palihapitiya and David Soloff, founders of new startup OTT Risk, joined us to discuss their ambitions of unlocking private capital to support the non-damage business interruption insurance market.  With the theme of our ILS NYC 2021 event being "defining the next-generation" of insurance-linked securities (ILS), the recent launch of a new tech start-up focused on the insurance sector named OTT Risk closely aligned with our thinking on the future of this marketplace.  OTT Risk wants to tackle the massive societal issue around availability of insurance capacity for non-damage business interruption, something that has come to a head with the pandemic in the last year.  OTT Risk aims to enhance the economic resilience of the world’s businesses, by filling business interruption coverage gaps using advanced technology such as machine learning and by leveraging insurance-linked securities (ILS) structures to connect this emerging risk class with capital market investors.  So we were delighted to welcome founders David Soloff and Chamath Palihapitiya (of Social Capital fame) to learn more about their company and its mission.

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