Dr. Sean Becketti

Dr. Sean Becketti, an economist and financial industry veteran with three decades of experience in academics, government, and private industry, has joined the Coastal Risk Advisory Board. Over the past two decades, Dr. Becketti led proprietary research teams at several leading financial firms, responsible for the models underlying the valuation, hedging and relative value analysis of some of the largest fixed-income portfolios in the world. During his tenure as Chief Economist at Freddie Mac, Dr. Becketti authored one of the first articles published by a government-sponsored enterprise exploring the impacts of climate change on housing. Dr. Becketti also is the author of a leading text in time series analysis.

According to Coastal Risk CEO, Albert Slap: “We are thrilled to add Dr. Becketti to our roster of Advisory Board members, who have expertise in such diverse fields as: geographic information systems, climate sciences, meteorology, insurance, real estate, engineering, architecture and journalism. With the new RiskFootprintTM Dashboard technology (www.riskfootprint.com) online, now, Dr. Becketti will help us define and refine more use cases for investors, mortgage lenders, and commercial real estate.”

Dr. Becketti added: “I have been tracking the development Coastal Risk for a few years now and am excited with their steady progress and evolution from assessing coastal risks and flooding to evaluating over fourteen holistic natural hazards and climate change impacts for every property in the US. The market for fast, accurate and affordable property-specific and portfolio-level risk assessments is expanding rapidly. I also like that Coastal Risk offers a suite of B-ResilientTM Advisory Services to help its clients’ buildings become safer, more sustainable, and resilient. In the mortgage lending market, there is a tailwind growing that will push more and more banks and mortgage lenders to take a closer look at multiple perils in their underwriting processes.”

According to Mr. Slap: “Achieving a more resilient society will require a new economic paradigm that properly accounts for and prices into investments and lending both property-level and community-level risks, hazard preparation, adaptation and mitigation capex. Dr. Becketti’s thought leadership will be extremely useful to development of the new paradigm and unique tools that will become important parts of the RiskFootprintTM Dashboard technology.