Risk Economics® participation in various symposia, conferences and demo day events hosted by industry, academic institutions, governmental and non-governmental organizations.
About Cournot Centre The Cournot Centre was co-founded by Nobel Laureate Robert Solow, and is an independent research institute based in France. It is supported by the Cournot Foundation, which operates under the Fondation de France. The Centre adopted the name of pioneering economist, mathematician and philosopher Antoine Augustin Cournot (1801–77).
About Risk Economics Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics.
David K.A. Mordecai, President of Risk Economics, participated in Demo Day 2022 for FinTech Innovation Lab (FTIL) on June 24, 2022, as Scientist-in-Residence for FTIL. FTIL is an accelerator platform for early and growth stage technology firms, organized by the Partnership Fund for New York City, in conjunction with Accenture and a consortium of venture capital firms and global financial institutions.
As Scientist-in-Residence for FTIL, Dr. Mordecai is one of eight Executives-in-Residence for the FTIL Mentors Network. The FTIL Mentors Network is comprised of over 30 seasoned entrepreneurs that have successfully launched and scaled a financial technology company to acquisition or IPO. Members of the Network serve as mentors and informal advisors for companies accepted into FTIL, providing guidance on the broad range of issues faced by senior management of financial technology (FinTech) companies.
Demo Day
Applicants to FTIL must have at least a working beta version of their technology that is ready for testing in either the institutional or retail market. The Chief Technology Officers from the 40 supporting financial institutions and venture capital firms selected the current set of participants for the 2022 cycle, which included the following:
Coverforce (New York) – which partners with national property and casualty carriers to standardize their distribution application programming interfaces (APIs) and build customized platforms for Independent Agency Networks, strengthening the carrier/agency relationship.
Draivn (Den Haag, Netherlands) – whose platform collects data from any telematics or internet of things devices that transportation fleets are equipped with and converts it into real-time analytics for fleet insurers and brokers.
Evercity (Berlin) – whose blockchain-based sustainability measurement and investment platform automates issuance, management and monitoring of sustainable finance.
Ion Channel (Alexandria, Virginia, USA) – whose software supply chain management platform identifies and monitors third-party security risk from software suppliers (vendors, outsourced app developers, contractors, and open source).
LeapXpert (New York) – whose platform creates an accessible digital record of all business interactions carried out over mobile messaging applications, giving organizations peace of mind that their data will be secure and meet compliance requirements.
Mark Labs (New York) – whose AI/ML stewardship platform helps asset managers define impact metrics, engage with investors and portfolio companies, and link their capital allocations to the pursuit of real-world environmental, social, and governance outcomes alongside targeted financial returns.
Messari (New York) – whose market intelligence platform provides in-depth crypto market research, analysis, data, diligence tools, and more for crypto business professionals.
Railz (Toronto) – whose API provides financial institutions and fintechs with instant, real-time access to their business customers’ financial data from different sources (accounting, banking, tax, e-commerce) to make better data-driven decisions.
Straylight Systems (New York) – whose AI solution automatically creates secure software code that is trustworthy and reliable.
The mission of RiskEcon® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU is the development of experimental testbeds and analytics that employ high-dimensional datasets from innovative sources by applying a range of computational and analytical methods to commercial and industrial sensor networks and edge computing embedded systems, focusing primarily on research and development (R&D) of remote- and compressed- sensing, anomaly detection, forensic analytics and statistical process control. By employing applied computational statistics within the context of robust and scalable data analytic solutions, the goal is robust and reliable integration of machine learning with signal processing for measurement and control, in order to conduct research fundamental to large-scale, real-world questions in risk and liability management in the public interest.
RiskEcon® Lab for Decision Metrics was established in 2011 at Courant Institute of Mathematical Sciences, an independent division of New York University (NYU). Courant is considered to be one of the world’s leading mathematics educational and scientific research centers, and has been ranked first in research in applied mathematics. RiskEcon® Lab is the cornerstone of the Computational Economics and Algorithmic Data Analytics (CEcADA) cooperative at New York University, established concurrently in 2011.
About Risk Economics, Inc.
Risk Economics specializes in economic analysis of risk and liability. It provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics.
The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators.
Dr. Mordecai participated in a panel entitled Discrimination in Healthcare and Law, moderated by Sendhil Mullainathan, Roman Family University Professor of Computation and Behavioral Science at the University of Chicago. His fellow panelists were the following:
Marcella Alsan, Professor of Public Policy, Harvard Kennedy School,
Kate Baicker, Dean and Emmett Dedmon Professor, Harris School of Public Policy, University of Chicago, and
Ziad Obermeyer, Blue Cross of California Distinguished Professor at the Berkeley School of Public Health.
About Risk Economics Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics.
Samantha Kappagoda was invited to speak at the University of Toronto on January 19, 2022. She addressed the attendees on leadership in an international context.
Samantha Kappagoda is Chief Economist and Co-Founder of Risk Economics. She is an active University of Toronto alumnus, currently serving on the Lester B. Pearson International Scholarship committee. Samantha earned an M.A. in Economics with concentrations in Industrial Organization and Monetary Economics. She was a Massey College Junior Fellow and awarded the Ontario Graduate Scholarship.
About the University of Toronto
The University of Toronto is a public research university based in Toronto, Ontario, Canada. It was founded by royal charter in 1827 as King’s College, the first institution of higher learning in Upper Canada. The University of Toronto offers over 700 undergraduate and 200 graduate programs. In all major rankings, the university consistently ranks in the top 10 public universities in the world and as the top university in the country. It receives the most annual scientific research funding and endowment of any Canadian university and is one of two members of the Association of American Universities outside the United States.
Dr. David K.A. Mordecai and Samantha Kappagoda were invited to present at the Colorado Bar Association (CBA) Winning at Trial Seminar hosted by the Trial Skills Section on November 18, 2021. Their panel was entitled Perspectives from an Expert Witness and was moderated by Eric Olson, Solicitor General, Office of the Colorado Attorney General. This annual seminar addressed winning trial skills and techniques, how to handle an expert witness, perspectives from the trial court bench, and what a younger lawyer should do (and not do) in trial. Other notable speakers included Hon. Sangeetha Mallavarapu, 20th Judicial District and Abigail M. Hinchcliff, First Assistant Attorney General, Office of the Colorado Attorney General.
About Risk Economics Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics. The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities and energy, as well as government agencies and regulators.
Dr. David K.A. Mordecai, President of Risk Economics, was invited to participate in the Institute of International Bankers (IIB) Climate Change Scenario Analyses webinar. The webinar was held on November 8, 2021, and was co-hosted by Cushman & Wakefield and CoreLogic.
The agenda for the webinar posed the following questions:
For large US-based international and national banks, what climate-related data will be required under regulatory reporting?
How will climate risk be scored?
Will climate risk scoring influence credit availability to certain borrowers?
How will Greenhouse Gas (GHG) emissions, physical risks and transition risks be measured and managed?
David Mordecai primarily discussed the role of transition risk and contingent liability analysis in stress-testing corporate and municipal cost structures via transmission channels (e.g., credit spread volatility, funding illiquidity, commodity supply/demand shocks, and telecommunications, electricity and transportation network traffic) corresponding to climate-related regional weather volatility. He further highlighted the need to broaden the definition and scope of climate risks and stranded assets, as well as the necessity for rigorous scientific measurement of pertinent weather volatility statistics, and corresponding economic exposure to damage (particularly at the relevant temporal and spatial scales, i.e., mesoscale conditions and events).
The panel was moderated by David L. Risdon, Senior Managing Director and Head of Banking & Regulatory Solutions, Cushman & Wakefield. The panelists were the following:
Chris Bennett: Global Head of ESG Strategy and M&A, S&P Global Sustainable
Peter Carroll: Executive, Public Policy and Industry Relations, CoreLogic
Hugh Conroy: Partner, Financial Institutions Regulation, Cleary Gottlieb
Robert Engle, PhD: Nobel Laureate in Economics, Professor Emeritus of Finance, NYU Stern School of Business, Co-Director, The Volatility and Risk Institute and Co-Author, The Federal Reserve Bank of New York’s Report on Climate Stress Testing
About Risk Economics Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics.
The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities, and energy, as well as government agencies and regulators.
