The U.S. is the epicenter of wildfire risk. All but three of the 19 most expensive wildfires, costing more than $1 billion in losses occurring in the U.S. Of all wildfire losses paid by the insurance industry since 1950, 70% has occurred since 2015 alone, according to Aon. Population shifts, climate change and new state guidelines can make it a complex peril for insurers and reinsurers to underwrite – but it remains an insurable risk, when using the right tools. Join us 11 a.m. EST on August 24, for a free webinar offered in association with Guidewire, to examine how insurers and reinsurers can better manage wildfire risk.
Discussion questions include:
--How to profitability underwrite wildfire-exposed properties
--How to measure a property’s wildfire hazard risk and survivability
--How to manage your portfolio’s wildfire aggregations
--Why wildfire is a nationwide risk
--How to find adequate market capacity
--Why wildfire hazard models are focusing on the wrong variables
--How climate change is impacting wildfire risk
--How changes in California laws will impact the insurance industry
Speakers include:
Bob Frady, VP - HazardHub
Jason Janofsky CTO, VP Engineering - Betterview
Kevin Van Leer, Senior Director of Client Success - CAPE Analytics
Moderator:
Meg Green, Managing Editor, Insider Engage