This market briefing will incorporate climate risk into the field of catastrophe modeling, include an introduction to climate vs. catastrophe vs. weather models and conclude with Q&A.

Description

Regulators, investors, and clients have expressed a renewed attention in recent years to incorporating a view of climate change into the risks taken on by insurers. A huge new ecosystem of climate data analytics providers have sprung up to fill this need. But how to tell when these new tools can provide value to catastrophe modelers and underwriters?

This IUA market briefing welcomes the ISCM (International Society of Catastrophe Managers) and their guest speakers who will discuss the differences between climate, weather, and catastrophe models, and how to best leverage each to incorporate climate risk into our views of extreme events.

Speakers

• Dr Tom Philp, Founder, Maximum Information
• Dr Oliver Wing, Chief Research Officer, Fathom
• Moderated: Kelly Hereid, Ph.D. Director, Catastrophe R&D, Corporate Enterprise Risk Management, Liberty Mutual Insurance. ISCM Representative.
• Event introduction: Madeleine Fox, Legal Services Executive, IUA and Secretary of IUA Climate Risk Committee