Reducing uncertainty in risk models with GfK boundary data – a use case by JBA

Uncertainty is a constant theme in the reinsurance industry, especially in disaster-prone regions for which detailed exposure data is lacking. How can re/insurers make meaningful risk assessments and write more business in these areas? This GfK webinar answers this question by showing how CRESTA zones can be used to estimate exposure for aggregated risk portfolios in rapidly emerging markets. JBA Risk Management offers a behind-the-scenes look at how to assess flood risk at the CRESTA level in the absence of detailed exposure data. With a focus on the Asian markets of Thailand, Malaysia, and China, the webinar provides a template for using GfK’s CRESTA boundary data as part of an approach to estimate risk in markets that lack detailed exposure information. What you’ll learn from this webinar •How GfK boundary data supports risk assessment in emerging markets •How JBA uses GfK’s geodata to evaluate flood risk in Malaysia and China’s Pearl River Delta •What to look for when acquiring boundary data for reinsurance applications Who should attend • Reinsurers and reinsurance company representatives • Underwriters, brokers, cat modelers and GIS users working in the reinsurance industry • Anyone interested in how GfK boundary data helps with risk evaluation in new and existing markets The webinar is hosted and moderated by Global Reinsurance and includes presentations by Iain Willis, Technical Director at JBA Risk Management; Christopher Guider, Marketing Manager at GfK; and Christine Werner, Senior Consultant for Financial Services at GfK.