Due to major catastrophic events spanning many decades, it is now broadly understood by the insurance sector that modelling risk and accepting change is a critical component of future business planning. Recent global catastrophes highlight concerns about the current capacity of models and how the possible bearing on core multinational operations, emphasizes a paramount need for insurers to prepare appropriate levels of underwriting.

This International Underwriting Association (IUA) market briefing with Dickie Whitaker – Chief Executive (Oasis Loss Modelling Framework), Claire Souch – Director (AWHA Consulting) and Richard Dixon – Director (CatInsight) will discuss the importance of key issues regarding transformation in modelling catastrophes and discuss how interoperability and the use of ever upgrading technology can explore future predictions.

Event speakers address current model limitations and predictions for modelling development. They will additionally give an insight into natural and made-made drivers of climate change and how understanding and use of appropriate models can prepare us for the impact of what we see in the world around us.