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 catastrophic events over the last 12 months  
    • Hurricane Ian 
    • French hailstorm  
    • Australian floods  
    • US Wildfires 
    • South Africa flood 

10:00

10:40

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

11:50

  • 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 

12:30

12:40

NAT CAT – NON-MODELLED RISKS

01:40

  • To calculate Average Annual Loss using a new terms – AAH – Average Annual Hazard; 
  • To simplify vulnerability curve to mathematically derive Account ground up AAL from AAH;  
  • To calculate Account Gross AAL from Ground Up for non-modelled risks – or any unavailable vendor data. 
  • How do we account for inflation in and outside of models? 
  • Forecasting the potential losses from rising geopolitical events and risks 

02:10

02:20

Roundtable A: AdvantageGo  
Representative, 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 Andrew Smith, Chief Operations 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 
 
Roundtable D: E2Value  
Representative, E2Value 
 
Roundtable E: Impact Forecasting  
Representative, Impact Forecasting 

03:20

NAT CAT – RESILIENCE & RISK MITIGATION

03:50

  • Modelling and pricing rising crop losses from extreme weather events including flood, drought and storms.  

04:20

05:00

05:10

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 catastrophic events over the last 12 months  
    • Hurricane Ian 
    • French hailstorm  
    • Australian floods  
    • US Wildfires 
    • South Africa flood

10:00

10:40

INSURTECH & INNOVATION – MARKET ENABLEMENT

11:00

Case Study: Creating the UK property flywheel: 
  • Zurich and Aviva onboarding their property portfolio’s 
  • Demonstrating value on day 0 
  • Application to underwriting and exposure management 

11:40

  • Insight into emerging innovation within Insuretech to drive the modernisation of the insurance industry 
  • Implementing a new solution within current business processes 
  • Enhancing the availability and granularity of data within core systems  

12:20

12:40

INSURETECH & INNOVATION – BUILDING VALUATION

01:40

  • Exposure insights
  • Risk insights 
  • Claims insights 
  • Time & efficiency insights

02:10

02:20

Roundtable A: AdvantageGo  
Representative, 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 Andrew Smith, Chief Operations 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 
 
Roundtable D: E2Value  
Representative, E2Value 
 
Roundtable E: Impact Forecasting  
Representative, Impact Forecasting 

INSURETECH & INNOVATION – AUTOMATION OF OUR INDUSTRY 

03:50

  • 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 

04:50

05:00

05:10

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 

11:40

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

02:40

02:50

Roundtable A: Verisk  
Representative, Verisk 
 
Roundtable B: KatRisk 
Representative, KatRisk 
 
Roundtable C: JBA Risk Management   
Representative, JBA Risk Management  
 
Roundtable D: Insurity  
Representative, Insurity 
 
Roundtable E: Enhancing underwriting processes  

03:50

04:20

05:00

05:10

INSURETECH & INNOVATION – CYBER RISK & MODELLING

08:10

08:40

08:50

09:20

  • Improving the categorisation of a ‘cyber catastrophe’ through pre-determined methodology  
  • Attracting private capital through creating a cyber-event declaration system 
  • Drawing on data input into formulas to generate a level of severity of loss event

INSURETECH & INNOVATION – CYBER

10:30

  • Cloud down scenario  
  • Data exfiltration scenario 
  • Systemic ransomware 

11:00

  • 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. 

11:50

  • Combination of multiple industry cyber workstreams 
  • Validation and security of exposure 
  • Building a data foundation 

INSURETECH & INNOVATION – CYBER 

12:20

INSURETECH & INNOVATION – LIABILITY

01:40

  • Increased and live data points into the insurance market  
  • Input into underwriting, risk, and modelling 
  • Application of exposure into predictive analytics

02:20

02:40

02:50

Roundtable A: Verisk  
Representative, Verisk 
 
Roundtable B: KatRisk 
Representative, KatRisk 
 
Roundtable C: JBA Risk Management   
Representative, JBA Risk Management  
 
Roundtable D: Insurity  
Representative, Insurity 
 
Roundtable E: Enhancing underwriting processes

03:50

04:20

05:00

05:10

  • Unpacking the stand-out elements which distinguish you from other senior leaders 
  • Valuing adaptability in the face of change and seeking career opportunities in unlikely places and positions  
  • Engaging in continuous learning and development opportunities to place yourself in a position to grow within your role and advance 
  • 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  
Part I: Building ways to establish yourself as a confident leader  
Recognising when you or your team are feeding into imposter syndrome, and adopting dynamic thought patterns to overcome this.  
 
Part II: Managing reputations and impact  
Cultivate a self-awareness that unpacks how others perceive you. Amend the gap between what impact you want to make versus the impact you are making. How can authenticity boost your credibility as a leader?  
 
Part III: Effectively communicating your needs to others  
Articulating what does and doesn’t work for you and identifying the trade-offs when taking on new tasks to gain agency over your career.   
Katherine Bryant, Chief Executive Officer, The Progress Partnership Limited; Founder, Insurance Breakfast Club 
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  
Confirmed:  Danae Dudley-Hammatt, Director of Healthcare Programmes & Digital Operations, Vitality
  • 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?