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

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. 

10:40

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

  • 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. 

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

  • 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 

12:50

01:00

NAT CAT – NON-MODELLED RISKS

02:00

  • 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 

02:40

02:45

Roundtable A: Enhancing underwriting, exposure management and claims admin through an intelligent and connected underwriting platform
  
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 
Chris Ewing, Head of Client Management, Impact Forecasting   
 
Roundtable D:The impact of Inflation and Structure Values in the CAT World  
Todd Rissel, CEO, E2Value 
 
Roundtable E: Leveraging sophisticated tools to quantify and manage risks through analysing the financial impacts of catastrophic events  
Representative, Impact Forecasting 
 
 
Roundtable F: TBC
Representative, RMS   
 
Roundtable G: Automation and AI integrated within claims processes
 
Roundtable H: Improving accuracy and categorisation of cyber catastrophe events 
 

03:55

NAT CAT – RESILIENCE & RISK MITIGATION

04:20

Disaster Risk Financing (DRF) is a small but rapidly growing space where parametric insurance products are used to provide protection for people in the developing world. This session will provide an overview of the DRF space, including real examples of policies, payouts and risk pools. DRF has the potential to revolutionise the way we respond to humanitarian crises, but it has many challenges. How can we overcome the current lack of data and models to provide reliable protection when disasters strike? How can skills from the cat modelling and insurance sectors help to improve DRF?  

04:50

05:00

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

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

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: Verisk  
Representative, Verisk 
 
Roundtable B: Climate change and climate variabilityKatRisk 
Dag Lohmann, Co-founder, KatRisk
 
Roundtable C: 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 D: 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 E: 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

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 

11:50

12:20

01:20

01:30

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
 
Roundtable D: Enhancing your agility as a leader – effectively responding to change    
Federica Remondi, Flood Lead, Vice President, Swiss Re Institute 
 

02:50

03:20

  • 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?

04:20

04:30