Agenda

08:10

08:40

MARKET UPDATE

08:50

  • How will climate change shape regulation and policies?  
  • How the current economic problem poses a risk to existing assets and products? 
  • Identifying the risks and challenges of global supply chain disruptions emerging form political landscape and the pandemic in the short term 

09:10

  • Lessons learnt and how did our models fare? 
  • Comparing current and possible “new-generation” approaches to managing this risk 
  • How the market responded to the risk exposure which emerged from the 2022 catastrophic events  
    • Hurricane Ian 
    • European windstorm Dudley/Eunice/Franklin  
    • French hailstorm  
    • Australian floods  
    • Turkey earthquake
    • South Africa flood 
    • Brazilian drought

10:00

The assessment of Risk and Portfolio Exposure and Rating, a crucial part of the pre-bind process, is often a segregated view that must be considered alongside other rating inputs. Implementing an Underwriting workbench enables the integration of various structured and unstructured data sources and rating inputs, providing a more complete and augmented “View-of-Risk” and in-context portfolio exposure – a cohesive single-pane-of-glass perspective. 
 
In this presentation, Simon Fagg, Product Strategist, AdvantageGo, explores some of the typical organizational challenges when deploying an Underwriting workbench, while discussing the benefits, such as improved efficiency and risk assessment, better decision-making, and increased transparency. 

10:30

NAT CAT – CLIMATE CHANGE RISKS 

11:00

  • Observing the evolution over time across climate change pressures  
  • How does current day data capture the effects of climate change on traditional perils? 

11:30

  • Discussing the short-term impacts on underwriting, pricing and regulation  
  • Unpacking climate modelling drivers  
  • Regulatory 
  • Wildfire changes  
  • Severe convective storms 
  • Incorporating climate change induced subsidence into modelling risk 
  • Assessing, visualising and communicating uncertainty exacerbated by climate change 

12:10

  • Practical use cases 
  • NatCat event tracking with 200+ satellites 
  • Pre-and post event data 
  • Near real time monitoring 
  • What works and what does not work 

12:30

12:40

INSURTECH & INNOVATION – CASUALTY RISK

01:40

  • Systemic and emerging liability risks can threaten the stability of (re)insurers earnings and balance sheets through hidden, unknown, or unquantified exposure accumulation; mispricing of risk; and often materialise over time through inadequate setting of reserves for insurance liabilities.  
  • The (re)insurance industry needs tools to manage the impact of extreme events for systemic and emerging liability risks that can impact multiple jurisdictions, exposure years and lines of business. 
  • The Liability Analytics team at Verisk has developed an industry leading framework and a modelling platform for evaluating and quantifying systemic emerging liability risks. 

02:00

02:05

Roundtable A: How Can Pre-Bind Analysis for Underwriters be Improved?
 
Speed is of the essence for new risks but delays in data collection, processing and interpretation of results pose difficulties to modelling/exposure management teams while the demand to provide underwriters more pre-bind insights increases. In this session, Rupert Stokoe, Senior Business Solutions Consultant, AdvantageGo, explores how pre-bind analysis be improved to make better underwriting decisions.
Rupert Stokoe, Senior Business Solutions Consultant, AdvantageGo
  
         Rupert Stokoe, Senior Business Solutions Consultant, AdvantageGo
 
Roundtable B: Questions to ask your flood model vendors – Distinguish essential model features from the noise
 
A toolkit to critically evaluate flood models, spot misconceptions and build an in-depth understanding of what drives valuable data outputs. 
Dr. Chris Sampson, Co-founder and Chief Technical Officer, Fathom   
Roundtable C: Manage risk with global GfK geodata - Boundary data & CRESTA zones 
Andreas Wicht, Team Lead Cartography, GfK 
Julia Kloé, Senior Sales Consultant, GfK 
Chris Ewing, Head of Client Management, Aon Impact Forecasting   
 
Roundtable D: The impact of Inflation and Structure Values in the CAT World  
Todd Rissel, CEO, E2Value 
 
Roundtable E: Towards New Frontiers of Earthquake Model Development – How collaboration helps manage earthquake risk across the world  
Goran Trendafiloski, Head of Earthquake Model Development (EMEA, APAC, Canada), Aon Impact Forecasting  
John Schneider, General Secretary, Global Earthquake Model (GEM)
 
 
Roundtable F: Looking beyond the reference view of risk with Moody’s RMS Europe Inland Flood HD Models
A transparent and flexible modeling framework that allows you to stress test assumptions, explore sensitivities, and answer what-if questions to take informed business decisions. 
Dr. Steffi Uhlemann-Elmer, Director Product Management, Global Flood Solutions, Moody’s RMS 
Dr. Daniel Bernet, Senior Product Manager, Model Product Management, Moody’s RMS 
Tim Edwards, Head of EMEA Catastrophe Analytics, Howden Tiger  
 

03:15

INSURTECH & INNOVATION – ALGORITHMIC CAT UNDERWRITING    

03:45

  • Algorithmic pricing engine 
  • Quote and bind risks “in seconds” 
  • Reducing costs and improving data accuracy through its digital processes 
  • How algorithmic underwriting allows precision rating (cat model based, high fidelity, proprietary) at the point of sale 
  • Live exposure management allowing dynamic portfolio optimisation 
  • Use of third-party data to give independent version of the truth for exposure management 
  • Better post event loss estimates with Live data 

INSURTECH & INNOVATION – RESILIENCE & RISK MITIGATION

04:25

  • Overview of DRF  
    • Who are the main players 
    • Purpose and value of DRF 
    • Challenges in implementation 
  • Examples of existing risk financing initiatives  
  • Industry involvement and value creation 

04:55

05:10

05:15

NAT CAT – MODEL COMPARISON SESSION

08:10

08:40

08:50

  • Model updates  

09:30

10:00

NAT CAT – ATMOSPHERIC PERILS – WINDSTORM, FLOOD & HAIL  

10:30

  • Lessons learnt from recent windstorms and latest advances in modelling Europe’s most damaging peril. 

10:50

  • Upgrading quality across satellite, radar and drone data to improve estimate claims with a focus on Australian flood events 
  • Employing AI to capture the rapidly evolving nature of atmospheric perils  
  • Looking more to present day data and less reliance on historical data to predict new activity 

FLOODS OF FUTURE

11:20

  • Earning volatility is posing a new set of challenges to our industry, innovation leading to resilience is more important than ever 

11:40

  • Floods under climate change – how will they look? Perspectives from global-scale modelling

NAT CAT – STRESS TEST

12:00

  • US Hurricane set of events 
  • California Earthquakes 
  • UK Windstorm and UK Flood 

12:30

12:40

NAT CAT - Earthquake Modelling

01:40

  • Enhancing the ability to holistically capture the long-term risks associated with varying seismic activities  
  • Looking at the way stress is transferred across surrounding fault lines  

02:20

When starting a cat modeling company, one has to make choices for platform, science, products, and collaborations. Following the 10-year journey of KatRisk we will illustrate the development of global flood maps to probabilistic models including the development of our own financial model and SpatialKat platform. This led to the adoption of our products by more than 60 customers globally and a product offering from flood, storm surge, wind models into severe convective storm and wildfire. Key scientific and technical areas such as best simulation methodology, climate variability and change, deployed vs. hosted vs. API offerings, platform performance and opening up your own ecosystem of collaborators are illustrated as we enter the second decade of our development. 

02:40

02:45

Roundtable A: Catastrophe models and climate change - an honest conversation on where we are     
Dag Lohmann, Co-founder, KatRisk
Stephen Jewson, Weather and Climate Risk Researcher, Lambda Climate Research Ltd
Roundtable B: Understanding Hydrological Modelling Uncertainty -  A preliminary study of hydraulic model uncertainty and how it can help us make better decisions
 
Dr Kirsty Styles, Principal Analyst, JBA Risk Management  
Oliver Pollard, Academic, University of Leeds   
 
Roundtable C: The Future of Underwriting - What's Next for Geospatial Analytics? 
Brandon Purcell, Vice President Of Product Development, Insurity 
Rebecca Morris, AVP, Solution Architect, Insurity  
 
Roundtable D: Planet's Tip & Cue: Satellite Imagery Increasing Clarity In Underwriting, Risk Analysis and Claims 

André Veneziani, European lead Insurance & Banking, Planet Labs PBC 
Eleni Vakaki, Sales Engineer Insurance & Banking, Planet Labs PBC 

03:55

CYBER RISK & MODELLING

04:15

  • Insights into new frontiers and emerging trends within the cyber risk space  
  • Unpacking the results from PRA’s GIST cyber underwriting scenario analysis  
  • Evaluating existing cyber models in the market – where are the gaps? 
  • How to build your own view of risk and scenario development? 
  • Assessing quality of exposure data 
  • Designing a robust internal governance structure  
  • Reviewing policy wordings such as war, critical, infrastructure, CAT limits etc. 

05:00

05:10

08:30

08:50

09:00

  • Leveraging innovative leadership to keep ahead in an age characterised by constant change  
  • Transcending performative allyship and ensuring actions stem from genuine commitment 
  • Promoting transparency and visibility in support for diverse women within leadership roles   
  • Undertaking an active and transformative process of unlearning to give way to the rise of diverse talent  

09:40

10:10

10:20

10:50

  • Understand what your personal brand says about you
  • Learn how to establish yourself as a leader
    • Board of directors
    • Stakeholder mapping
  • Gain practical tools to manage your personal brand and boost your credibility as a leader
  • Establish boundaries, say ‘no’ and become a confident leader
Sandra Lewin, Founder, Pair 2 Grow Ltd  

11:50

12:00

01:00

01:10

Roundtable A: Leveraging empathy within the workplace and strengthening emotional intelligence   
Nousheen Hassan, Associate Director - Risk Assurance Insurance, Grant Thornton; Elite Women 2022 
 
Roundtable B: Putting on your oxygen mask first – cultivating team resilience through self-care  
Maxine Goddard, Senior Vice President, Strategic Distribution & Development, Sompo International; Elite Women 2022 
 
Roundtable C: It's a balancing act! Manufacturing your personal brand while maintaining your authentic self  
Kirsten Shastri, Head of Life Sciences, Tokio Marine Kiln   
 

02:50

03:10

  • Where are your gaps?  
  • How to be innovative with your next career choice?  
  • How to thoughtfully organise your network to support you through your career?

04:10