IUA Circular 089/18

Changing face of cat modelling: Key things you need to know

with Dickie Whitaker - Chief Executive (Oasis Loss Modelling Framework), Claire Souch - Director (AWHA Consulting) and Richard Dixon - Director (CatInsight)



Event Date:  Tuesday 22 January 2019

Time: 12noon to 1pm

Venue:  ACORD Conference Room, 8th Floor, 1 Minster Court, Mincing Lane, London EC3

Subject: This market briefing will discuss the importance of key issues regarding transformation in modelling catastrophes and discuss how interoperability and the use of ever upgrading technology can explore future predictions.

Contact:
  Deborah Finch, IUA Events Manager (020 7617 4451)


This is a free event, but names and email addresses of all attendees are required for registration.  Please click here to register.


Due to major catastrophic events spanning many decades, it is now broadly understood by the insurance sector that modelling risk and accepting change is a critical component of future business planning. Recent global catastrophes highlight concerns about the current capacity of models and how the possible bearing on core multinational operations, emphasizes a paramount need for insurers to prepare appropriate levels of underwriting.

This market briefing will discuss the importance of key issues regarding transformation in modelling catastrophes and discuss how interoperability and the use of ever upgrading technology can explore future predictions.

Our speakers address current model limitations and predictions for modelling development.  They will additionally give an insight into natural and made-made drivers of climate change and how understanding and use of appropriate models can prepare us for the impact of what we see in the world around us.

Our Speakers:

Dickie Whitaker has 30 years’ experience in the Re(In)surance business and for the last 20 years has specialised in risk and innovation and linking academia, government and finance. Dickie has written and presented extensively on these subjects and has operated globally and has worked in both London and New York. He has co-founded and works for The Lighthill Risk Network,Oasis Palm Tree Ltd, The Oasis Hub and is Chief Executive of Oasis Loss Modelling Framework Ltd.

Claire Souch has over 18 years’ experience of catastrophe risk model development and usage across the global re/insurance industry. Claire is currently an independent consultant, having held previous positions as head of development at AgRisk, global head of model development and evaluation at SCOR Global P&C Reinsurance, and SVP of Model Strategy at RMS. She has advised on many aspects of catastrophe model development, usage and the impact of climate change on catastrophe risk for re/insurance companies, with extensive technical and commercial experience. She has served on multiple industry task-forces on catastrophe and risk modelling, and is frequently invited to speak on topics such as catastrophe risk, development and the role of catastrophe risk insurance. Claire holds a BSc in Environmental Science and a PhD from Cranfield University.

Richard Dixon has spent the last 18 years working in the insurance industry building, researching and evaluating catastrophe models at cat modelling companies, brokers and reinsurers. He was Head of Catastrophe Research at Hiscox and for the last two years, has been working as a consultant with his own company, CatInsight, helping clients to evaluate and better understand catastrophe models. In addition to this he is a Visiting Research Fellow where he has a position at the Department of Meteorology, University of Reading.  It is here he received a PhD investigating the processes involved in the development of severe European Windstorms in 1999.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.

For events held in the conference rooms at Balls Bros., Minster Pavement, America Square Conference Centre, Apex Hotel, Grange Hotel or Baltic Exchange you will not require an entrance pass but we will require a note of your attendance for room capacity and catering requirements.