CAT Risk Management & Modelling Europe Agenda

08:30

08:50

Federico Waisman, SVP Head of Analytics, Ariel Re

CAT RISK – LOOKING TOWARDS THE FUTURE 

09:00

  • Current issues facing UK insurance supervision 
  • Analysing risk in a changing environment 
  • Future challenges and trends from emerging risks  

09:20

CAT RISK INNOVATION 

09:50

  • How should the process from cradle to grave of cat risk data flow within an organisation 
  • Where should the industry focus its energies on starting this process 
  • What would be the impact to the workforce, outputs and industry if we do this 

10:10

  • What is commercially available to help the industry 
  • How can AI and machine learning aid this process 
  • Should we use 3rd party datasets 
  • Are there analytical tools that haven’t yet been made due to the current data limitations?

10:50

IMPROVING VIEW OF RISK 
 

11:20

  • Process of adopting new models – how to avoid increased costs for model adoption? 
  • What to focus on when validating models? 
  • Case examples of good model validation practices 

12:00

For thought leaders and solution providers, this is an exclusive opportunity to interact and engage with key decision makers. To learn more about sponsorship opportunities and how to get involved in facilitating the interactive round table sessions, contact info@aventedge.com or +61 2 9188 8950 
 

12:40

MODEL COMPARISON SESSION – CYBER RISK 

01:40

Introduction and overview of the model evaluation 
A review of the: 
  • Data, including the validation and interpretation of the data 
  • Model approach 
  • Model review 
  • Single event review 
  • Financial model 
Results and output 
  • Model results and findings 
  • Examining comparisons from the results by model provider 

02:40

  • The cyber data puzzle: integrating external data sources, cedant exposure and modelled output  
  • The cedant perspective: using risk models in the customer interaction  
  • Wish list from advances in technology and modelling  

03:30

CAT RISK MODELLING DEVELOPMENT 

03:50

  • Current modelling approaches 
  • Discussing the potential for exposure-based modelling of liability/casualty accumulation risk 
  • What are the next steps for exposure management? 

04:40

04:50

08:30

08:50

CAT RISK – EVOLUTION OF RISKS 

09:00

  • Size of economic and industry loss of major CAT events 
  • Soft market impact to risk management 
  • Evolution of the risk within the industry – where did it perform well and poorly? 

09:30

  • Lessons learnt and how did our models fare? 
  • Comparing current and possible “new-generation” approaches to managing this risk 
  • Should we have been applying loss amplification to the updated models 

10:10

  • Climate change – a growing issue for insurers and regulators 
  • Assessing climate risk impact on 2018 events 
  • Challenges of modelling changing hazards and risk 
  • Climate change: Enabling (re)insurers to manage changing flood risk
  • Consequences for re/insurers managing climate risk 

11:10

11:40

  • Casualty presents a serious source of risk to carriers, but a systematic quantification of risk through probabilistic modelling for casualty lines has long been beyond reach 
  • AIR has developed a probabilistic casualty model with the broadest coverage to date 
  • This session will include a demonstration, showing how the model can quantify risks and highlighting areas of accumulation and opportunity

CAT RISK – REVIEW AND ANALYSIS OF WORLDWIDE RISK 

12:10

  • How did our models fare against recent catastrophic events? 
  • Comparing models in managing this multiperil destruction 
  • US hurricane clustering: Is this a new reality? 

12:50

  • The regions that the models work well 
  • The types of scenarios that perform poorly 
  • Matching models to the exposure 
  • The impact of FEMA on pricing and modelling of flood risk

01:30

02:30

For thought leaders and solution providers, this is an exclusive opportunity to interact and engage with key decision makers. To learn more about sponsorship opportunities and how to get involved in facilitating the interactive round table sessions, contact info@aventedge.com or +61 2 9188 8950 

03:10

RETROSPECTIVE OF 2018 WILDFIRE SEASON

03:30

  • What have we learnt from the 2018 wildfire season? 
  • Ensuring insurers better understand their risk exposure 
  • Have wildfire models progressed? How do they stack up when aligned against recent events? 

04:30