CAT Risk Management & Modelling Europe Agenda

Become an Insurance Trailblazer 

Build confidence; develop resilience; challenge the imposter syndrome; develop your leadership style 
In partnership with:
Gather with other aspiring women leaders to build confidence in your skills and understand and articulate your value. Gain key insights, strategies and takeaways to develop your career in the insurance industry and be ready to make that next career move – and the one after that. 
Key Learning Objectives 
  • Get clear about the value of your work and what it does for the industry 
  • Get out of your own way by challenging ‘The Imposter Syndrome’ 
  • Say “Yes” to opportunities before you’re ready because you understand how to take leaps of faith 
  • Be comfortable being uncomfortable and how it expands your knowledge 
  • Learn from a senior market figure how she took her own leaps of faith 
  • Make a strong, compelling business case for taking that next leadership step 
Event Structure 

09:00 Registration 
09:30 Understand & challenge the Imposter Syndrome 
  • Taking your mistakes in stride and acting “before you’re ready” 
  • Nurturing your inner confidence 
10:45 Morning Tea/Coffee 
11:00 Articulate your value to boost confidence and gain traction 
  • Understand key definitions and concepts 
  • Identify holistically your current and future position in your organisation 
12:30 Lunch 
1:30 How to ASK for what you want in a compelling way 
  • Your business case for taking that next leadership step 
2:45 Afternoon Tea/Coffee 
3:00 The Road to Success – interview with a key market leader 
  • An interview with a key figure in the insurance industry and gain some takeaways from a woman who made a career for herself in the insurance industry. 
3:45 Actions; lessons; commitments & next steps 
  • Create a narrative of the leader you want and need to be to become future ready 
  • Manage and master your time to avoid burnout and over-working 
4:30 Workshop close 
Kay White, Smart Career Moves Mentor for Career Women, 
Kay White is known as The Smart Career Moves Mentor for Corporate Women and is the Author of two Number 1 best-selling books (The A to Z of Being Understood AND It’s Always Your Move). Kay shows experienced corporate career women how to own and leverage their skills, value and experience so they more confidently navigate their career paths towards promotion, more recognition and more rewards (all without losing themselves along the way).  
Drawing upon the highs and lows of her own +20-year corporate experience in insurance broking at Willis, London (starting as a Secretary and leaving as a Divisional Director) Kay brings her passion and experience for the energy of language, the art of influence and persuasion and making strategic, considered career moves to her clients.  As Kay says, “I show career women how – and why - to take the steering wheel and drive their own career bus”. 



Major Event Loss: CAT, Property & Casualty


  • What is good cat risk management and how can we measure it? 
  • Development of a framework 
  • Challenges and lessons from application 


  • Approaching real-time loss management and measurement 
  • Automation processes for updating real-time maps and latest data estimates 
  • Ensuring a comprehensive coverage map is formulated ahead of time 
  • Understanding deteriorated losses, such as those from Tropical Storm Jebi and Hurricane Irma 
  • Should natural catastrophes be considered short tail class events? 


  • Floods in one part of the world causes losses to companies on the other side 
  • With the globalization of supply chains came an increased likelihood of companies being exposed to more disruption
  • A new quantitative risk assessment framework for interconnected risks
  • The risks to the interconnected systems far outweigh the risks from individual sectors



Diversity & Inclusivity in Insurance 


Hear from diverse people who have met with unique challenges in the insurance industry head-on and have carved out a space for themselves and those that came after them to reach their true potential. 

Utilisation of New Approaches to Insurance


  • Moving technology into the insurance industry to drive efficiency and automation 
  • Perspectives on insurtech from users in the re/insurance sectors 
  • Understanding the range of integration platforms 
  • Using non-traditional insurance methods with insurtech

Interactive Roundtable Breakout Sessions – Day 1 


RT 1: Bringing Oasis Into Your Workflow
William Forde, Senior Director, CoreLogic
RT 2: Developing Cyber Catastrophe Scenarios: A deep dive into the state of contemporary scenarios and the need for new scenarios in a dynamic risk landscape 
Marco Lo Giudice, Head of Pricing Models Development, KOVRR 
Vishesh Gosrani, Director, Cydelta 


Climate Change:  Science, Modelling, Regulation and Initiatives 


  • Current and projected changes in extreme weather and climate events 
  • Monitoring global and local changes in climate 
  • Resources available to monitor climate change  
  • Amount of severity – what should we take into account – what degrees scenarios are relevant  
  • Uncertainty? 
  • Impact on food, water supply, pests, etc. 


  • The need for regulation and what is currently in place 
  • Addressing the PRA’s climate scenario plan and current findings 
  • Regulations across Europe, USA and other insured regions 



  • Incorporate climate change data into tools for the insurance industry 
  • The current state of models for assessing climate change risk and potential losses 
  • At-risk areas and the changes to the insurance landscape 
  • Working with the current scientific models and creating bespoke solutions 
  • Modelling future flood risk: from challenge to opportunity


Initiatives in the insurance industry to better communicate, disclose and respond to climate-related risks and to bridge the current protection gap in the defence of climate risks. 





Affirmative and Non-Affirmative Cyber Risk 


  • Understand what Lloyd’s updated Cyber Risk Strategy means for your organisation 
  • Learn about the latest developments in Cyber risk scenario analysis 
  • Prepare for Lloyd’s refreshed reporting requirements and what re/insurers need to know 


  • Developing cyber catastrophe scenarios: a deep dive into contemporary approaches and future models 
  • Quantifying and calibrating global cyber events 
  • Understanding the inconsistencies inherent with privately measured losses 
  • The benefits to implementing a global dataset for business 
  • Application of affirmative losses to non-affirmative 

Interactive Roundtable Breakout Sessions – Day 2 


RT 1:  Quantifying Silent Cyber Risks: The Next Wave of Progress 
Tom Harvey, Europe Head, Analytics and Risk Solutions, Guidewire Cyence Risk Analytics 

RT 2: Exploring the benefits of Radar Satellite Imaging during global CAT Risk scenarios to assist the re/insurance sector during a catastrophic event
Matti Ekdahl, Director of Business Development, Insurance and Nat Cat products, ICEYE
RT 3: Building a forward-looking view of risk: How to model cyber catastrophe risk 
Laurel Di Silvestro, Principal, Client Services, CyberCube Analytics

RT 4: Oasis in practise: Open standards, open technology and commercial usage 
Matt Jones, Head of ModEx Product, Nasdaq 
James Lay, Commercial Director ModEx, Nasdaq 


European Flood 


  • Event set of 50,000 years covering whole continent 
  • Climate conditioned for impact studies and global correlation 
  • Transparent vulnerability and hazard adjustable by user 

Model Review: Flood from US Hurricane 


  • Comparing outcomes from the scenarios and its impact on risk management  
  • Best approach and pros/cons to understand flood from hurricane? 
  • Interpreting modelled losses from actual events, and factors driving output discrepancies 
  • Comparison with modelling in other regions 


  • The market participants’ view 
  • How relevant is inland/rainfall-induced flooding at the 1:200 return period vs. AAL, or capital-setting vs. pricing? 
  • Use of catastrophe models for combined perils 
  • Blending modelled and non-modelled flood assessments 
  • Blending different models for different perils 
  • Alternative methods for applying correlation 


Terror Risk 


  • Current modelling approaches and specialist and data quality
  • Utilisation of new technology and data sources and data quality
  • An evolving risk – government approaches, internal/external forces 
  • The impact of the war clause clarification and how this may impact marine/cargo/lines  

Complexity and Catastrophe 


  • The current quality of complex catastrophe models 
  • Overmeasurement or undermeasurement of potential risk? 
  • Added difficulty of climate change in creating complex models 


  • Understanding complex loss scenarios from multiple business lines 
  • Updating loss projections across the business and breaking down silos 
  • Measuring the final impact and benefit of a clash scenario approach